Trump Says He’ll Sign First-Step China Trade Deal on Jan. 15
WEST PALM BEACH, Fla. (AP) — President Donald Trump says he will sign the first phase of a trade deal with China at the White House next month.
Trump says Tuesday in a tweet that he’ll then travel to Beijing at a later date to open talks on other sticking points in the U.S.-China trade relationship that remain to be worked out.
Trump tweeted from his Florida home that, “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House.”
He said high-level Chinese government officials will attend the signing.
Trump adds that he will go to Beijing at an unspecified date to begin a new round of negotiations.
In the first-step agreement announced earlier in December, the United States agreed to reduce tariffs and China agreed to buy larger quantities of U.S. farm products.
Both sides have said they are waiting for the text of the deal to be translated before signing it.
But some major issues not covered by the deal to be signed on Jan. 15, including Chinese practices the U.S. complains unfairly advantage its own companies, remained to be worked out in a second round of trade negotiations.
In The News
Health
Voting
Trade
WASHINGTON - Rep. Stephanie Murphy, D-Fla., has been named to four subcommittees that will ensure she's a leading voice on national security, the continuing federal response to COVID-19, and international trade. The Winter Park Democrat is the only Florida Democrat who currently serves on either the... Read More
WASHINGTON - Katherine Tai, President-elect Joe Biden's designee to be the next U.S. trade representative, told a virtual gathering of trade professionals Tuesday that if the U.S. is going to successfully compete against China on the world stage, it's going to take a renewed sense of... Read More
LONDON (AP) — First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty. Four days after sealing a free trade agreement with the European Union, the British government warned businesses to get ready for disruptions and “bumpy moments” when the... Read More
WASHINGTON -- The U.S. Senate continued a hardline crackdown on China Wednesday during a hearing on how to ratchet up American economic competitiveness. Economic advisors repeated warnings that the U.S. government needs to create more incentives for domestic industries that are lagging behind Chinese competitors. Otherwise,... Read More
WASHINGTON — Facebook Inc. was sued by U.S. antitrust officials and a coalition of states that want to break up the company by unwinding its acquisitions of Instagram and WhatsApp, deals the government says was part of a campaign to illegally crush competition. The Federal Trade Commission and state attorneys general led by New York said... Read More
WASHINGTON — Katherine Tai, chief trade counsel for the House Ways and Means Committee, is reported to be President-elect Joe Biden's nominee to be America's trade negotiator. Tai would lead the Office of the U.S. Trade Representative, an agency she knows well from her committee work as well as from the seven... Read More
