Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

What does Phase 1 of US-China deal mean: 5 key takeaways

Trade deal Phase 1
1/1

Trade deal Phase 1

US President Donald Trump and Chinese officials have agreed to a “phase one” trade deal that includes cutting US tariffs on Chinese goods.

Washington has agreed to suspend tariffs on $160 billion in Chinese goods due to go into effect on Dec. 15, Trump said, and cut existing tariffs to 7.5%.

Here are the key takeaways:

Shutterstock.com
X
User

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service