It looks like they are rushing the deal to meet the Dec. 15 deadline. No actual paper is written and neither countries have signed anything. Verbal agreement on trade deal, but no written document with any detail substance.
The guess on what the trade deal entails is based on President Trump's twits:
- Dec. 15 tariffs are cancel.
- Reduce existing tariffs
- Yet keeping some tariffs to use as leverage for phase 2 negotiations.
Also based on President Trump's comments the China has agreed to:
- Purchase US agricultural goods of $200 billion.
- China to make structural changes regarding intellectual properties (ip)
Great comment.
Thanks for sharing those links @mawit07
Great comment.
Thanks for sharing those links @mawit07