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Trump Announces Where And When He’ll Sign The First Phase Of China Trade Deal

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President Donald Trump announced Tuesday that he’ll sign the first phase of a long-awaited trade deal with China in January at the White House.

“I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15,” Trump told his Twitter followers. Phase one of the deal will put a temporary end to a yearlong standoff between Washington, D.C., and Beijing as both work on cementing a deal.

“The ceremony will take place at the White House. High-level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!” Trump added, noting that he will likely travel to China where officials will work on the second phase.

There have been hints that China and the U.S. were nearing an end to their stalemate.

Chinese soybean imports nearly doubled in November, for instance, as China began ratcheting up imports on one of its principal agricultural products. Imports rose more than 50% to 5.4 million tons, AP reported Dec. 26, citing customs data.

China initially nixed purchases of American soybeans after Trump raised import duties on Chinese goods. Critics said Trump’s trade war with China has been a disaster for American farmers.

The tariffs leveled against China have cost Americans an additional $38 billion since February 2018, according to data anti-tariff campaign Tariffs Hurt the Heartland and consulting firm The Trade Partnership released in November.

China, meanwhile, has not released data showing how the trade war has hurt its economy, though more than 50 global companies including Apple, Nintendo and Dell, reportedly rushed to pull production out of China in July, according to CNBC, citing the Nikkei Asian Review.

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One Comment

  1. ,Author quotes Tariffs Hurt citing US loss of 38 billion to tariffs. Cites claim as if it’s fact and offered no opposing view on benefits of tariffs on Chinese products. Why is this guy writing for Daily Caller? Send him over to CNN .It should be a simpletons task to realize in our era of new truth that authors should bend over
    backwards to offer unbiased rendering of the news . China is counterfeiting our currency, stealing our patents, stealing our designs, software, counterfeiting our products on a mass ,global scale, subsidizing their exports, violating just about every rule in WTO and stealing everything stealable in the US. They built a $ 500 billion dollar plus trade deficit on the books , never mind the off the books costs to US and this author neglects to mention any of this but finds Tariffs Hurt.Lose this guy.

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