China will boost spending on US products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world's two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved. Beijing and Washington touted the "Phase 1" agreement as a step forward after months of stop-start talks, and investors greeted the news with relief. Even so, there was scepticism the US-China trade relationship was now firmly on the mend. The deal fails to address structural economic issues that led to the trade ...
US-China trade deal: Initial pact may reduce tensions but doubts remain
Beijing and Washington touted the "Phase 1" agreement as a step forward after months of stop-start talks, and investors greeted the news with relief
Topics
US-China trade deal | Donald Trump | Xi Jinping
Reuters Last Updated at January 16, 2020 09:57 IST
First Published: Thu, January 16 2020. 09:19 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).