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China - U.S Phase One Trade Deal

President Donald Trump and China’s Vice-Premier Liu He signed the Phase One deal of a new U.S.-China trade agreement on January 15th, 2020, in order to deescalate the tensions of the 18-month long trade war between the two nations.

Phase One reiterates the initial commitments both countries made to each other in previous trade talks, with the goal of equalising the trade values between both parties. China has committed to purchasing at least US$