U.S., China Reach Substantial ‘Phase One’ Trade Deal

The U.S. and China agreed on the outlines of a partial trade accord Friday that President Donald Trump said he and China’s Xi Jinping could sign as soon as next month. As part of the deal, China would significantly step up purchases of U.S. agricultural commodities, agree to certain intellectual-property measures and concessions related to financial services and currency,  The agreement marks the largest breakthrough in the 18-month trade war that has hurt the economies of both nations. Importantly, Trump said the deal was the first phase of a broader agreement. >click to read< 16:34

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