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Trump signs ‘momentous’ trade deal with China
WASHINGTON, Jan 15, 2020 (BSS/AFP) – President Donald Trump signed a long-awaited “phase one” trade deal with China on Wednesday, which includes a massive increase in exports to the Asian economic power.
China agreed to buy $200 billion more in US goods over two years than it did in 2017 before the trade war erupted, according to the agreement signed Wednesday.
That includes an additional $32 billion in American farm products and seafood, nearly $78 billion in manufactured goods like aircraft, machinery and steel, and $52 billion in energy products.
BSS/AFP/MRU/0028hrs