Originally published at: United States-China Sign Historic ‘Phase One’ International Trade Agreement | Sean Hannity
The United States and China signed a historic “phase one” international trade agreement Wednesday; ending months of speculation over a potential trade war between the world’s two largest economies.
“The pact, detailed in a 94-page document, is only the initial phase of a broader deal that Trump has said may come in as many as three sections,” reports Fox News.
JUST IN: President Trump officially signs the “phase one” China trade deal, calling it a “momentous step toward a future of fair and reciprocal trade with China.” https://t.co/cS64Kpo0XB pic.twitter.com/4phpahKwTx
— CNBC (@CNBC) January 15, 2020
“Together, we are writing the wrongs of the past,” said the President at the signing ceremony. “It doesn’t get any bigger than this.”
“The agreement, which was first reported on Dec. 12, includes commitments from Beijing to halt intellectual property theft, refrain from currency manipulation, cooperate in financial services and purchase more than $200 billion of U.S. products over the next two years,” adds Fox.
This is a developing story. Check back for updates.