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Trump Signs Off on China Trade Deal to Avert December Tariffs

  • Deal includes promise by China to buy more U.S. farm goods
  • Terms have been agreed, but legal text yet to be finalized
Bloomberg business news
Eurasia Group President Ian Bremmer discusses President Donald Trump’s sign off on a phase-one trade deal with China.(Source: Bloomberg)
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President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar with the matter.