Read the full U.S.-China ‘Phase 1’ trade agreement
The deal offers massive export opportunities for U.S. farms and factories and promises to do more to protect American trade secrets but leaves Washington's fundamental differences with Beijing unresolved.
WATCH: Trump signs ‘Phase 1’ trade truce with China
President Donald Trump and China's chief negotiator are scheduled to sign a modest trade agreement in which the administration will ease some sanctions on China and Beijing will step up its purchases of U.S. farm products and other goods.
U.S. manufacturing activity falls to lowest level in a decade
The sector was hurt by weakening demand and last year's global economic slowdown. But some signs suggest that the setback for manufacturing has bottomed out.
Watch 6:37
Why U.S. and China are still ‘very far away’ from ending trade war
On Friday, the Trump administration and China announced the first phase of a deal to de-escalate the trade war between the world’s two largest economies. But the agreement, positioned by the White House as a major victory, has prompted many…
The U.S. is dropping plans to impose tariffs Sunday on $160 billion in Chinese imports and is reducing some existing tariffs on Chinese goods.
The deal awaits final approval from President Donald Trump.
Stocks are closing at more record highs as traders hope that the U.S. and China can make enough progress on trade to avoid new tariffs kicking in over the weekend.
Beijing promised in September to lift the tariffs, adding to conciliatory steps that raised hopes for a settlement.
President Donald Trump on Monday accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate.
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