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  • US, China To Sign 'Phase One' Trade Deal Wednesday
U.S. and  China will sign a phase one trade deal

U.S. and China will sign a phase one trade deal

The U.S. and China plan to sign an interim trade deal in Washington on Wednesday in a bid to resolve their year and a half long trade war.

Under the 'phase one' deal, Beijing is expected to purchase 200 billion dollars worth of Americans goods and services over two years.

In return, Washington will put the brakes on additional tariffs and cut some of its existing tariffs on Chinese products.

Chinese Vice Premier Liu He arrived in the U.S. capital on Monday to seal the trade pact.

The 86-page document that has not been made public will be released after it is signed by the world's two largest economies.■

<Image: Yonhap News>

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