US reaches tentative trade deal with China as tariff deadline looms
by ChemOrbis Editorial Team - content@chemorbis.com
The US President Donald Trump has signed off on a “phase-one” trade deal in principle with China, multiple media outlets reported on December 12.
The preliminary trade deal would prevent a 15% tariff on about $160 billion of Chinese-made goods planned for December 15 and slash existing tariffs by 50% on roughly $360 billion of Chinese goods.
However, neither the US nor the Chinese officials have issued an official confirmation of the deal, as of the time of writing.
The preliminary trade deal would prevent a 15% tariff on about $160 billion of Chinese-made goods planned for December 15 and slash existing tariffs by 50% on roughly $360 billion of Chinese goods.
However, neither the US nor the Chinese officials have issued an official confirmation of the deal, as of the time of writing.
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