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.
Trade war
US and China sign trade truce, with tougher phase of talks to come
Agreement boosts Beijing's farm imports while Washington gives respite on tariffs
Chinese Vice Premier Liu He and U.S. President Donald Trump shake hands during a signing ceremony for "phase one" of the U.S.-China trade agreement in the East Room of the White House. © Reuters
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