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Trump has reportedly signed trade agreement with China, averting major tariff escalation

trump xi china

  • Bloomberg News reported Thursday that the US and China have hammered out unspecified terms of a so-called phase-one trade agreement.
  • An initial pact had been announced in October but was not signed or even put to paper.
  • The agreement suspended plans to extend punitive tariffs to virtually all imports from the second-largest economy.
  • Visit Business Insider’s homepage for more stories.

President Donald Trump reportedly signed a trade deal in principle with China on Thursday, averting a planned escalation that would have extended punitive tariffs to virtually all imports from the second-largest economy.

Bloomberg News reported Thursday read more >>>

Source:: BusinessInsider.Com