Trump Reportedly Signs Off On Phase 1 China Trade Deal, Delays $160B In New Tariffs

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President Donald Trump signed off on a phase one trade deal with China on Thursday that delays $160 billion in new tariffs on Chinese imports that were scheduled to take effect Sunday, according to Bloomberg reporter Jennifer Jacobs. Trade advisors were meeting Thursday afternoon with Trump to discuss the deal. U.S. negotiators offered to cut tariffs that are already in place on Chinese goods in half and suspend the Dec. 15 tariffs in order to strike a deal, according to Bloomberg.

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