Trade War: US and China sign breakthrough ‘phase one’ deal

(SCMP) – The US and China have made major headway towards resolving their trade war that has been underway since July 2018. US President Donald Trump and China’s Vice-Premier Liu He signed what was described as a “phase one” deal on January 15, 2020. The consensus agreement will halt further tariff increases and lower some already in place, but other more contentious issues are expected to require further negotiation.