U.S., China sign deal, easing trade war that hurt global growth [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
U.S. President Donald Trump signed an initial trade deal with on Wednesday, bringing the first chapter of a protracted and economically damaging fight with one of the world’s largest economies to a close. The pact is intended to open Chinese markets to more U.S. companies, increase farm and energy exports, and provide greater protection for U.S. technology and trade secrets. has committed to purchasing an additional US$2-billion worth of U.S. goods and services by 221, and is expected to ease some of the tariffs it has placed on U.S. products. But the agreement preserves the bulk of tariffs that Mr. Trump has placed on US$36-billion worth of Chinese goods, and maintains the threat of additional punishment if Beijing does not live up to the terms of the deal. Story continues below advertisement “Today we take a momentous step, one that has never been taken before with , toward a future of fair and reciprocal trade with ,” Mr. Trump said at a ceremony at the White House. “Together we
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