China announced Friday, December 13, a 'phase one' trade deal with the United States that includes a progressive rollback of tariffs and the protection of intellectual property rights, but the two sides have yet to sign the agreement.
PHASE ONE. Vice Minister of Commerce and Deputy International Trade Representative Wang Shouwen speaks during the State Council Information Office press conference in Beijing on December 13, 2019. Photo by Noel Celis/AFPannounced Friday, December 13, a"phase one" trade deal with the United States that includes a progressive rollback of tariffs and the protection of intellectual property rights, but the two sides have yet to sign the agreement.
Chinese vice commerce minister Wang Shouwen told reporters Washington agreed to a"phasing out" of tariffs on Chinese goods.on US products that had been planned as retaliation for US tariffs on Chinese products on Sunday, December 15. US media reports said China would spend $50 billion on US farm goods – a major Trump request – but Chinese officials did not provide any figures at a press briefing in Beijing.
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