Terms of Trade

What’s In (and Not In) Step One of the U.S.-China Trade Deal

Trump and Xi in Beijing in November 2017.
Photographer: Qilai Shen/Bloomberg

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By Shawn Donnan

October 28, 2019 at 11:00 AM UTC

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Chinese officials confirmed over the weekend that the U.S. and China are close to finalizing the “phase one” deal Presidents Donald Trump and Xi Jinping are expected to sign on the sidelines of a Nov. 16-17 meeting in Chile of the Asia-Pacific Economic Cooperation. So it’s a good time to review what’s in the deal — and what’s not.

What’s In: