US, China Sign Phase One Trade Agreement
Umer Jamshaid Published January 15, 2020 | 11:10 PM
WASHINGTON (UrduPoint News / Sputnik - 15th January, 2020) The United States and China signed the first part of the bilateral trade deal at a White House ceremony on Wednesday.
The 86-page agreement, known as "Phase One," was inked by US President Donald Trump and Chinese Vice Premier Liu He before 200 guests.
The deal put on hold the trade war between the two largest world economies and is expected to be followed by additional talks to iron our remaining differences.
Trump administration officials have said that as part of the Phase One trade deal, China is supposed to purchase up to $50 billion in US farm products annually and a total of $200 billion of US goods over the next two years - in exchange for lifting tariffs imposed on Chinese goods.
Related Topics
Recent Stories
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
EU wants to ease youth movement to and from UK
Police foils attempt of supply mainpuri raw material
Helicopter crash kills Kenya defence chief, nine other senior officers: Ruto
Govt making efforts to eradicate polio: DC
Parliamentarians hail President's speech as reminiscent of state policy, rebuke ..
Collective efforts to overcome challenges to education, say speakers at Int'l co ..
RCB destroys 200 Kg of unhealthy meat
Turkish CGS calls on Army Chief, commends Pakistan Army's role in combating terr ..
More Stories From World
-
Poland arrests man over suspected plan to kill Zelensky
7 minutes ago -
EU wants to ease youth movement to and from UK
20 minutes ago -
Helicopter crash kills Kenya defence chief, nine other senior officers: Ruto
20 minutes ago -
New attack as French PM vows crackdown on school violence
56 minutes ago -
Firefighters battle Copenhagen blaze for third day as facade collapses
56 minutes ago -
Team behind Italian film 'Io Capitano' returns to Senegal
60 minutes ago
-
Indian IT giant Infosys posts lower than expected revenue growth
60 minutes ago -
UN chief warns Mideast on brink of 'full-scale regional conflict'
59 minutes ago -
Germany arrests two over military base attack plot for Russia
59 minutes ago -
Kenya military helicopter crashes with defence chief on board: police
1 hour ago -
EU wants to make it easier for youths to move to and from UK
59 minutes ago -
Firefighters battle Copenhagen blaze for third day as facade collapses
2 hours ago