US, China in touch on signing of Phase 1 trade deal: official
China and the United States are in touch over the signing of their Phase 1 trade deal, China’s commerce ministry said, which will see lower US tariffs on Chinese goods and higher Chinese purchases of US farm, energy and manufactured goods.
The Phase 1 deal was announced last week after more than two years of on-and-off trade talks, although neither side has released many specific details of the agreement.
Both the Chinese and US trade teams are in close communication, Gao Feng, a spokesman at the Chinese commerce ministry, told reporters at a regular briefing on Thursday, adding there is no specific information on the deal to disclose currently.
“After the official signing of the deal, the content of the agreement will be made public,” Gao said.
US officials say China agreed to increase purchases of US products and services by at least $200 billion over the next two years.
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