Business > U.S.

China confirms preliminary trade deal with U.S

2 monthes ago   |   By Politico

The Chinese government confirmed Friday that it has reached a preliminary trade deal with the U.S., but stopped short of saying it will meet President Donald Trump's demand of increasing purchases of U.S. farm goods to $50 billion annually. "The two sides have agreed to complete as quickly as possible the legal review" working out arrangements for official signing of the agreement, which includes nine sections, Wang Shouwen, Chinese vice minister of Commerce, said during a press conference in Beijing. "The U.S. side will fulfill its commitments of removing tariffs on Chinese products phase...
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Trump says US, China have reached deal; Sunday tariffs off

Trump says US, China have reached deal; Sunday tariffs off

2 monthes ago   |   By WGN TV

WASHINGTON - President Donald Trump said Friday that the U.S. has canceled plans to impose new tariffs on $160 billion worth of Chinese imports Sunday as part of a modest interim agreement that de-escalates a 17-month trade war between the world's two biggest economies.
The United States is also reducing existing import taxes on about $112 billion in Chinese goods from 15% to 7.5%
In return, Trump said on Twitter, the Chinese have agreed to “massive” purchases of American farm and manufactured products. He did not specify how big those purchases would be.
Chinese officials said at a...
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President Trump says US, China have reached trade deal

President Trump says US, China have reached trade deal

2 monthes ago   |   By WMUR

The president said a new round of tariffs set to take effect on Sunday would be canceled.
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Trump says US will lower China tariffs as part of interim trade agreement

Trump says US will lower China tariffs as part of interim trade agreement

2 monthes ago   |   By Business Insider

President Donald Trump confirmed Friday that the US has agreed to lower tariffs against China as part of an interim trade agreement.
China had announced moments earlier that the two sides had reached the text of a so-called phase one deal.
As part of the agreement, Trump said the US would lower the tariff rate on China to 7.5% from 25% and cancel plans to hit virtually all imports from that country on Sunday.
Visit Business Insider's homepage for more stories .
President Donald Trump confirmed Friday that the US has agreed to lower tariffs against China as part of an interim trade...
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