What is US China Trade Deal Phase 1 ?

On October 11 2019 President Donald J Trump had announced that China and the United States had finally reached a tentative agreement for the “first phase” – phase 1 of a trade deal capping a bitter 18-month battle between the world’s two largest economies that had roiled the financial markets and greatly slowed economic growth worldwide. Under this new US China Trade deal Phase 1 China had agreed to buy up to $50 billion in American farm products and also accept more American financial services in their domestic market. And subsequent to that happening the United States agreed to suspend new Tariffs which were scheduled to come into force by October 15, 2019.

On January 15 2020: U.S. President Donald Trump and China’s Vice Premier Liu He signed the US China trade deal phase 1.

Impact of this US China Trade Deal Phase 1

=> US, China reset trade relationship with Phase 1 agreement

=> President Donald J. Trump Described China Trade Deal Phase 1 as ‘Righting the Wrongs of the Past’ and also called trade pact a ‘momentous step’.

=> Positively impact the slumbering financial markets by providing a positive outlook to the ending of this Trade War in the near future.

=> Phase one of the trade deal will see some of the US tariffs on Chinese goods getting reduced or repealed

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US China Trade Deal Phase 1

Latest Forex News

In U.S.-China Phase 1 trade deal, enforcement may end in 'we quit' - Yahoo Finance

January 16, 2020 - Yahoo Finance

In U.S.-China Phase 1 trade deal, enforcement may end in 'we quit'  Yahoo FinanceU.S. and China sign phase one of trade deal after almost two years of sparring  NBC NewsWhat's in the U.S.-China Phase 1 trade deal  ReutersTrump Signs 'Phase 1' China Trade Deal, But Most Tariffs Remain In Place  NPRTrump signed a "phase one" trade deal with China. Here's what's in it — and what's not.  Vox.comView full coverage on Google News...

U.S. and China Sign Phase One of Trade Deal - Bloomberg

January 15, 2020 - Bloomberg

U.S. and China Sign Phase One of Trade Deal  Bloomberg...

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