Economics
China, U.S. Agree on Initial Trade Deal to Remove Some Tariffs
- Trump says talks with Beijing on phase two to start now
- Stock rally fizzles as U.S. leaves 25% tariffs in place
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China and the U.S. agreed on the text of a phase one trade deal that includes the removal of tariffs on Chinese goods in stages, Vice Commerce Minister Wang Shouwen said, as President Donald Trump confirmed that some levies will be reduced and said the next round of talks will start immediately.