• Trump says China trade deal may be signed shortly after January 15

Market news

10 January 2020

Trump says China trade deal may be signed shortly after January 15

U.S. President Donald Trump, who announced last month that the Phase 1 trade deal with China would be signed on Jan. 15, said on Thursday the agreement could be signed "shortly thereafter."

Trump said: "We're going to be signing on January 15th - I think it will be January 15th, but shortly thereafter, but I think January 15th - a big deal with China."

The Phase 1 deal, struck last month, is expected to reduce tariffs and boost Chinese purchases of American farm, energy and manufactured goods while addressing some disputes over intellectual property.

Chinese Vice Premier Liu He, head of the country's negotiating team in Sino-U.S. trade talks, will sign the deal in Washington next week, China's commerce ministry said on Thursday.

Liu will visit Washington from Jan. 13-15, said Gao Feng, spokesman at the commerce ministry.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.