IT'S OFFICIAL: Trump signs China trade deal, says tariffs could be lifted in Phase 2
President Donald Trump signed an interim trade agreement with China on Wednesday.
"As a candidate for president I vowed strong action — it's probably the biggest reason I ran for president," Trump said in a freewheeling speech alongside Chinese Vice Premier Liu He in the East Room of the White House."I more than kept my promise. Now our efforts have yielded a transformative deal that will bring tremendous benefits to both countries."
The White House has said the 86-page text would include commitments from China on American agricultural purchases, tighter intellectual property protections, increased scrutiny of currency movements, and a more open financial sector. Previously undisclosed details of the agreement were set to be released on the day of the signing ceremony.
Trump was also met with pushback from unlikely critics who said the phase-one deal left out economic aggressions at the center of a Section 301 investigation that ignited the dispute. A second round of negotiations could address those issues, including large-scale subsidies China provides to companies.
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