January 21, 2020 BY Steffy Bogdanova

“Phase One” of the US-China trade deal unveiled

Months of negotiation finally lead to the first phase of the US-China trade deal on Wednesday last week. In the 86 paged document, China promises to buy USD 200bn of US goods over the next two years and the US to reduce the tariffs on USD 120bn Chinese products. The deal also promises better defense…

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