- China says first phase of trade deal with U.S. agreed
Market news
13 December 2019
China says first phase of trade deal with U.S. agreed
- Says first phase of trade negotiations achieved major progress
- An agreement has been reached on text
- U.S. will follow up on promise to cancel tariffs on a phased basis
- Deal to protect Chinese firms' legal interests in dealing in U.S.
- Trade deal to boost confidence of global markets
- Both sides agree to complete last stages as possible including translation and legal review of deal as soon as possible
- Two sides agreed to negotiate on specific arrangement for a signing ceremony
- China has decided to cancel tariffs scheduled to take effect on Sunday
- China hopes U.S. to follow up on its promises
- China to import U.S. wheat, rice and corn within quotas
- Are talking about timing, place and details of signing deal
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