Absolute Cinema: Trump Refused to Leave the Stage at FIFA Club World Cup...
Another Dem Talking Point About Trump's Reconciliation Package Just Imploded
Shut Up, Mike Pence
It's a Trap: Dems Want the Epstein Files Released Because They're Hoping This...
Four Days to Defund NPR and PBS
So, You Want to Be a Leftist, Huh
Trump Should Index the Capital Gains Tax for Inflation
Veritas Gets a Reboot
Cuomo’s Rematch: The Only Thing Standing Between NYC and a Socialist Utopia
Turning Darkness Into Light
Trump’s Tariffs Are Bringing Us Closer to Global Free Trade
Empowering Parents With the One Big Beautiful Bill Act
Communists and Democrats, Taking Out the Rubbish?
GOP Demands End to Dangerous Political Violence as Death Threats on Lawmakers Rise
Minneapolis Mayoral Candidate Wants to 'Trump-Proof' City
Tipsheet

BREAKING: Trump, China Agree To 'Phase One' Of Potentially Massive Trade Deal

AP Photo/Evan Vucci

The White House announced Friday evening that the United States and China have agreed to the first step of a massive trade deal that is seemingly beneficial on both sides. The Wall Street Journal reports that the core part of this initial economic "truce" means that the U.S. will "shelve a planned increase in tariffs on goods imported from China, while Beijing said it would increase purchases of U.S. agricultural products." 

Advertisement

"We’ve come to a deal on intellectual property, financial services, a tremendous deal for the farmers—a purchase of from $40 to 50 billion worth of agricultural products," President Trump told reporters from the Oval Office. 

The U.S. suspended $250 billion worth of tariffs on Chinese goods as part of "phase one." It should be noted this deal has been years in the making, is only a tiny sliver of what America hopes to accomplish, and still needs to be fine tuned on paper. That process will take several weeks.

Advertisement

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement