SCMP: Trade war breakthrough: US and China reach phase-one deal
* The agreement covers a wide range of issues, including intellectual property protection, technology transfers and agricultural purchases
* As an immediate result, a new 15 per cent tariff on around US$160 billion of Chinese goods, scheduled to come into effect on Sunday, will be cancelled
Vice Commerce Minister Wang Shouwen announced on Friday that China and the US have made a breakthrough in trade negotiations, with a consensus agreement reached for a phase-one deal that will halt further tariff increases and lower some already in place.
Speaking in a late-night press conference in Beijing, Wang said the agreement covered a wide range of issues, including intellectual property protection, technology transfer, purchase of agricultural products and expanding trade.
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More News On China, U.S. Agreeing To A Phase-One Trade Deal
Trump and Beijing officials agree to tariff rollbacks; no farm purchase commitment -- Reuters
China confirms 'phase one' trade deal with US -- The Guardian
Trump halts new tariffs in US China trade war -- BBC
Trump, China announce 'Phase One' trade deal -- The Hill
U.S., China agree to 'phase one' preliminary trade deal -- UPI
Trump says US, China have reached deal; Sunday tariffs off -- AP
BREAKING NEWS: Donald Trump claims victory in China trade deal and cancels massive new tariffs due to kick in Sunday saying Beijing has agreed to 'massive' purchases of U.S. products -- Daily Mail
Key points in the US-China 'phase one' deal -- AFP
Trade deal may offer only short respite from US-China tensions, observers say -- SCMP
