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US reaches tentative trade deal with China as tariff deadline looms

by ChemOrbis Editorial Team -
  • 13/12/2019 (09:17)
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.
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