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#1 | US and China reach phase one trade deal: source datum

Thu Dec 12, 2019 4:58 pm

US and China reach phase one trade deal: source

A deal is done, with some fine-tuning on the details underway

Phase 1 of China trade deal reportedly done: Source

The United States and China have completed phase one of a trade deal, a source confirms to FOX Business. Details of the deal are still being fine-tuned but are expected to avoid the December 15 tariffs, FOX Business has confirmed.

Reports that a deal was �imminent� surfaced during the final hour of trading, giving the S&P 500 and Nasdaq a lift to all-time closing highs, while the Dow Jones Industrial Average was just shy.
Ticker Security Last Change Change %
SP500 S&P 500 3168.57 +26.94 +0.86%
I:COMP NASDAQ COMPOSITE INDEX 8717.317521 +63.27 +0.73%
I:DJI DOW JONES AVERAGES 28132.05 +220.75 +0.79%-- excerpt, rest at link above --

While in the real world, outside the Beltway....

A Republic, if we can keep it.

EdJames said Thank You!

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#2 | White House, Chinese negotiators reach trade deal in principle that would dramatically scale back import tariffs datum

Thu Dec 12, 2019 5:03 pm (Last edited: Thu Dec 12, 2019 5:25 pm)

White House, Chinese negotiators reach trade deal in principle that would dramatically scale back import tariffs
Washington Post, Dec 12, 2019

The U.S. and China have reached agreement on a tentative trade deal, which President Trump is expected to formally approve this afternoon, according to several people familiar with the administration�s internal deliberations.

�The deal is essentially done. The mechanics of how you execute it and how you get it signed still have to be worked out,� said one of the people, who requested anonymity because they were not authorized to speak to the press.

Under one scenario, Robert E. Lighthizer, the president�s chief trade negotiator, and Chinese Ambassador to the U.S. Cui Tiankai could sign the document as soon as tomorrow. Alternatively, Lighthizer and Treasury Secretary Steven Mnuchin could travel to Beijing for the signing.

Business leaders who have grown anxious for relief from the trans-Pacific tariff wars welcomed the news. �That is excellent news. It puts a floor under the deterioration in the relationship,� said Craig Allen, president of the U.S.-China Business Council.

More: https://www.washingtonpost.com/business/...ariff-deadline/