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Here's what's in, what's out of U.S.-China trade deal

Posted On: Dec 13, 2019   |   Posted By: Politico

Here's what's in, what's out of U.S.-China trade deal

The United States and China may have turned down the heat on their trade war on Friday, but pressing pause on more tariffs is just the first step in ending a protracted dispute between the world's two largest economies. Officials from both countries provided details on how much in farm goods will be sold as well as some new rules on intellectual property. What isn't in the 86-page agreement, which isn't yet public, is how China will curb subsidies or scale back support for its state-owned enterprises. “There are still a lot of outstanding issues that you're all aware of between the United States and China which are very serious issues,” U.S. Trade Representative Robert Lighthizer said in a briefing. “Our sense is we're better off doing this in phases than to sit and make no progress at all.” Here's what we know of what has been agreed to so far, and what discussions still have to take place: Some, not all, tariffs will be reduced. President Donald Trump said he won't impose on Sunday a 15 percent tariff on...

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