Trump approves US-China trade deal to halt Dec. 15 tariffs
US President Donald Trump gave his approval for an initial trade deal with China, say people with knowledge of the matter. The deal entails China buying more US agricultural goods and halts the introduction of new US tariffs slated for Dec. 15.
BY JENNY LEONARD, JENNIFER JACOBS, SHAWN DONNAN & SALEHA MOHSIN, BLOOMBERG
President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of US tariffs on about USD 160 billion of consumer goods from the Asian nation, according to people familiar with the matter.
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