facebook linkedin twitter

Trump Says He’ll Sign First-Step China Trade Deal on Jan. 15

December 31, 2019by DARLENE SUPERVILLE Associated Press
President Donald Trump gives a thumbs-up after arriving for Christmas Eve dinner at Mar-a-lago in Palm Beach, Fla., Tuesday, Dec. 24, 2019. Donald Trump Jr., the son of President Donald Trump, is pictured in foreground. (AP Photo/Andrew Harnik)

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.

Trade

October 22, 2021
by Reece Nations
Commerce Department Tightens Export Controls on Cybersecurity Items

WASHINGTON — The Department of Commerce’s Bureau of Industry and Security announced on Wednesday it would institute new export controls... Read More

WASHINGTON — The Department of Commerce’s Bureau of Industry and Security announced on Wednesday it would institute new export controls over cybersecurity items such as cyber intrusion software that can be used maliciously. The department’s new policy also creates a new license exception for authorized cybersecurity... Read More

October 20, 2021
by Kate Michael
Experts Fear Travel Restrictions Have Unintended Consequences for Diplomacy

WASHINGTON — Early advice from the World Health Organization warned against imposing travel or trade restrictions on countries experiencing COVID-19... Read More

WASHINGTON — Early advice from the World Health Organization warned against imposing travel or trade restrictions on countries experiencing COVID-19 outbreaks. Now experts fear the decision by most countries to ignore this advice may have unintended consequences for the future of global mobilization and diplomacy. “The... Read More

August 25, 2021
by Reece Nations
Ban on Canada, Mexico Border Crossings Extended Through Sept. 21

WASHINGTON — Essential trade and travel between Canada and the U.S. and Mexico and the U.S. will continue as normal,... Read More

WASHINGTON — Essential trade and travel between Canada and the U.S. and Mexico and the U.S. will continue as normal, however restrictions on non-essential crossings will remain in place through Sept. 21. The announcement from the U.S. Department of Homeland Security was made on Friday, one... Read More

August 11, 2021
by Dan McCue
Report: Travel Restrictions Inflicting Substantial Toll on Global Growth and Trade

A year and a half into the COVID-19 pandemic, travel bans meant to stem the crisis are taking a significant... Read More

A year and a half into the COVID-19 pandemic, travel bans meant to stem the crisis are taking a significant toll on global growth and trade, according to a new report from The Conference Board, the nonprofit business and research group. According to Trade Risks: Travel... Read More

August 10, 2021
by Kate Michael
Inter-American Development Bank Creates Toolkit for Nearshoring Supply Chains

WASHINGTON -- Among the unpredicted impacts of COVID-19 was the vulnerability of American dependence on manufacturing and services from China.... Read More

WASHINGTON -- Among the unpredicted impacts of COVID-19 was the vulnerability of American dependence on manufacturing and services from China. Everything from consumer products to pharmaceuticals and health and safety equipment experienced delays and shortages as a result of China dominating so many aspects of global... Read More

US Trade Deficit Hits Record $75.7 Billion in June

WASHINGTON (AP) — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy... Read More

WASHINGTON (AP) — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging. The Commerce Department reported Thursday that the deficit rose 6.7% from a revised May deficit of $71 billion. The June deficit... Read More

News From The Well
scroll top