The U.S. and China formalised a limited trade agreement today, signalling a truce in the nearly two-year trade war between the world’s two largest economies and sets the stage for a broader agreement down the road. The “Phase One” agreement is the product of months of intense talks between officials in Washington and Beijing. It calls for China to boost its purchase of American goods and services by $200 billion over the next two years, including $32 billion worth of agriculture products. In the White House fact sheet that ...
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