WASHINGTON/BEIJING/NEW YORK -- The U.S. and China signed a long-awaited "phase one" trade agreement at the White House on Wednesday, easing a 18-month conflict with promises including $200 billion in purchases of American goods from Beijing over the next few years and a modest tariff rollback from Washington.
"Today we take a momentous step... toward a future of fair and reciprocal trade as we sign phase one of the historic trade deal between the United States and China," U.S. President Donald Trump said at the signing ceremony, which was attended by officials from both countries as well as leaders of large American corporations.
