US President Donald Trump and Chinese officials say they have agreed to a phase one trade deal that included cutting tariffs on Chinese goods.
The United States and China have agreed to a"phase one" trade deal that includes cutting tariffs on Chinese goods, according to US President Donald Trump.Chinese officials said the two countries have achieved major progress"We have agreed to a very large phase one deal with China," Mr Trump said on Twitter.
The US has agreed to suspend tariffs on $US160 billion in Chinese goods which were due to go into effect on December 15, Mr Trump said. In a press conference in Beijing, Chinese officials said the two countries have achieved major progress in their phase one trade negotiations, and agreed on the text of a deal.Second phase to start immediately
Asked specifically about the $US50 billion figure, officials in Beijing said details on value will be disclosed later, but Mr Trump told reporters in a White House conference that China will likely hit that figure.
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