China and US sign ‘phase one’ trade deal

Published January 15, 2020 4:10pm ET



President Trump on Wednesday signed “phase one” of a trade deal with Beijing, giving the president a partial victory on one of the main economic policy efforts of his administration. China is expected to purchase more than $200 billion in U.S. goods and services as part of the deal.

“Together, we are righting the wrongs of the past and delivering a future of economic justice and security,” Trump said at a White House signing event with Chinese Vice Premier Liu He. “Our negotiations were tough, honest and respectful, leading to this breakthrough.”

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