Trump says the US and China will hold signing ceremony for phase-one trade deal
President Donald Trump said Tuesday that the US and China would hold a formal ceremony to ink a so-called phase-one deal between the two sides.
The 86-page text of the deal is expected to be signed in January after legal scrubs and a translation process are completed the first week of January.President Donald Trump said Tuesday that the US and China would hold a formal ceremony to ink an interim trade agreement to defuse a tit-for-tat dispute between the two sides.
The two nations revealed this month details of the so-called phase-one deal, which suspended planned escalations and lowered tariffs on a portion of affected products. The deal also appeared to secure commitments from China on some of the issues at the center of a more than yearlong standoff between the world's two largest economies.
Text of the 86-page agreement has not yet been released to the public. It is expected to be signed in January after legal scrubs and a translation process are completed the first week of January, US Trade Representative Robert Lighthizer said this month.
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