China, U.S. Agree To A Phase-One Trade Deal

SCMP: Trade war breakthrough: US and China reach phase-one deal

* The agreement covers a wide range of issues, including intellectual property protection, technology transfers and agricultural purchases
* As an immediate result, a new 15 per cent tariff on around US$160 billion of Chinese goods, scheduled to come into effect on Sunday, will be cancelled

Vice Commerce Minister Wang Shouwen announced on Friday that China and the US have made a breakthrough in trade negotiations, with a consensus agreement reached for a phase-one deal that will halt further tariff increases and lower some already in place.

Speaking in a late-night press conference in Beijing, Wang said the agreement covered a wide range of issues, including intellectual property protection, technology transfer, purchase of agricultural products and expanding trade.

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More News On China, U.S. Agreeing To A Phase-One Trade Deal

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BREAKING NEWS: Donald Trump claims victory in China trade deal and cancels massive new tariffs due to kick in Sunday saying Beijing has agreed to 'massive' purchases of U.S. products -- Daily Mail
Key points in the US-China 'phase one' deal -- AFP
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