Trump says US, China have reached substantial phase-one trade deal The United States and China agreed on Friday to the first phase of a trade deal covering agricultural purchases, currency and some aspects of intellectual property protections, and averting a threatened tariff hike, but US President Donald Trump said more needed to be negotiated.
US Treasury Secretary Steven Mnuchin told reporters Trump had agreed not to proceed with a hike in tariffs to 30% from 25% on about US$250 billion in Chinese goods that was supposed to have gone into effect on Tuesday.Malaysia is rolling out incentives to lure foreign investors seeking shelter from the persistent US-China trade war.
On Friday, EU officials said that British Prime Minister Boris Johnson had indicated he was prepared to make sufficient concessions to allow detailed talks to begin.
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