President Donald Trump announced a “phase one” trade deal with China on Friday, saying Beijing had agreed to targeted purchases of U.S. goods and will avoid tariffs that had been set to go into place on Sunday.Trump said in a pair of tweets that the Chinese had agreed to “many structural changes and massive purchases” of American farm, energy and manufactured goods.
— Donald J. Trump December 13, 2019 .....The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal. We will begin negotiations on the Phase Two Deal immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!
“The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal,” the president wrote, tweeting as Chinese officials were briefing reporters in Beijing.Trump also agreed to reduce by half — from 15% to 7.5% — the tariffs on about $120 billion of goods, but he said separate 25% levies on $250 billion in imports would remain.
President Trump has sold out for a temporary and unreliable promise from China to purchase some soybeans.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump announces phase-one China trade deal, calls off Dec. 15 tariffsPresident Donald Trump said Friday the U.S. and China have agreed to a phase-one trade deal, and announced tariffs scheduled for Dec. 15 on Chinese goods... He was never going to apply them. Bluster and fold is the Strat.
Source: MarketWatch - 🏆 3. / 97 Read more »
Trump confirms 'phase one' trade deal with ChinaPresident Trump says he has agreed to a 'Phase One' trade deal with China. He says some tariffs on Chinese goods will remain at 25% and other tariffs will be reduced. Trump added that the new round of tariffs set to take effect on Sunday will be canceled. Loving this Trump Economy! Finally a president that puts America first!! A lot of people are saying..
Source: CNN - 🏆 4. / 95 Read more »
Trump, China announce 'Phase One' trade deal that includes canceling upcoming tariffsPresident Donald Trump and China said they have a Phase One trade deal, including the cancellation of new tariffs on Chinese goods that had been scheduled for the weekend. Come sometime 2020, announcement of a 'completed' trade deal and other convenient, politically boosting news will rise in Trump's favor around election time. Under the layers will be the damning truth. Unfortunately, the people don't care enough to be involved and invested. This world is not our home, we are just pilgrims passing through, today we are hear, tomorrow Barzil with just a slite knock on the head and it is what I call FRINITO to the dust we came from so let all be at peace with each other
Source: YahooNews - 🏆 380. / 59 Read more »
US and China aim to sign phase one deal in January, top Trump trade official saysRobert Lighthizer says the signing would be at the minister level and would not involve President Trump and Chinese President Xi Jinping The deal that’s not really a deal yet, phase 5,037 or something. I’ve lost count. Can you please post a link of the previous phases you speak of I'd like to include this information in an anti-trump article I'm working on. Thank you.
Source: CNBC - 🏆 12. / 72 Read more »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December Tariffs[Update] Trump signs phase 1 China trade deal, avoiding brutal December tariffs Update us when he robs UK’s NHS. Thanks 👎👎👎💩 Congratulations Mr President!realDonaldTrump we love Winning!
Source: Forbes - 🏆 394. / 53 Read more »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December TariffsThe long-awaited phase one trade deal has finally happened. They want it, so do we! President Trump is just amazing! Lol WTF there are no deal ,, Trump rolling back his decisions trade with China Starting to get tired of winning. 👍🏻
Source: Forbes - 🏆 394. / 53 Read more »