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/

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