02182020Tue
Last updateTue, 18 Feb 2020 8pm

Manufacturing & The Economy

U.S. & China Agree to Phase 1 of Trade Deal

As part of a ‘phase 1’ trade deal with China, President Trump has “agreed to relax some of the tariffs he imposed on Chinese imports. In exchange, Beijing has agreed to buy more American products and make other changes,” NPR reports.

While most of the tariffs will remain in place, “China has promised to provide more protection for American companies' intellectual property and to stop requiring U.S. companies to share their technology as a cost of doing business in China.”

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