US President Donald Trump has said the United States and China will very shortly sign their so-called Phase One trade pact.
Trump said the two countries have just achieved a breakthrough on the trade deal and they will be signing it very shortly.
The Phase One deal was announced earlier this month as part of a bid to end the months-long tit-for-tat trade war between the world’s two largest economies.
Under the deal, the United States will agree to reduce some tariffs in exchange for a big jump in Chinese purchases of American farm products. Treasury Secretary Steven Mnuchin said last week the pact will be signed in early January.
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