China's Vice-Premier Liu He, US trade representative Robert Lighthizer (left) and US Treasury Secretary Steve Mnuchin. Photo: Reuters
Trade war: US, China reach ‘historic and enforceable’ phase one deal
- The agreement covers a wide range of issues, including intellectual property protection, technology transfers and agricultural purchases
- As an immediate result, a new 15 per cent tariff on around US$160 billion of Chinese goods, scheduled to come into effect on Sunday, was cancelled
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US-China trade war
China's Vice-Premier Liu He, US trade representative Robert Lighthizer (left) and US Treasury Secretary Steve Mnuchin. Photo: Reuters