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US and China Reveal Details of 'Phase One' Trade Deal

2020-01-15 56 Dailymotion

U.S. and China <br />Reveal Details of <br />'Phase One' Trade Deal The limited trade deal was <br />formally signed by President Donald <br />Trump and Chinese Vice Premier <br />Liu He at the White House. President Trump, via 'USA Today' Chinese President Xi Jinping, Statement The deal indicates a <br />break from the trade war <br />between the two nations that <br />has lasted nearly two years. Under the deal, China commits to <br />a boost of more than $200 billion <br />in the purchase of U.S. services and <br />goods over the next two years. China will also address <br />U.S. concerns that it <br />extorts technology secrets <br />from U.S. companies. Critics of the deal say it <br />"is largely a deal <br />on Chinese terms." David Rothkopf, Trade Official, via 'USA Today' President Trump will travel <br />to China once unaddressed <br />trade issues have been negotiated.

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