Pres. Trump on Friday announced a partial trade deal between the United States and China.
President Donald Trump on Friday announced a partial trade deal between the United States and China, saying a"phase one" agreement has been reached aimed at calming more than a year of global economic uncertainty as the world's two largest economic powers imposed retaliatory tariffs on national goods.“There's nothing bigger than what we're doing with China," Trump said at an Oval Office photo-op with Chinese Vice Premier Liu He.
Good things are happening at China Trade Talk Meeting. Warmer feelings than in recent past, more like the Old Days. I will be meeting with the Vice Premier today. All would like to see something significant happen! The president said the partial trade deal covers intellectual property, financial services, and $40-$50 billion related to agricultural products.
The retaliatory tariffs imposed by both sides eventually reached a fever pitch that negotiations between both sides have been consistently delayed to the point that they are now widely considered as a of cause of economic uncertainty, triggering fears of a global economic slowdown.
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