President Donald Trump said he would sign what he called a “very large and comprehensive” initial trade deal with China on January 15.
Trump had previously said the two leaders would have a signing ceremony for Phase One next month. Through the deal, first announced on December 13, China will increase purchases of American farm goods and be subject to lower tariffs on some goods.
The U.S. and China reached the deal after almost two years of an escalating trade war between the world’s largest economies. The U.S. said it would decrease current tariffs and cancel new tariffs. China will increase purchases of U.S. goods and services.
The White House will leave 25 percent tariffs on $250 billion in Chinese goods in place but halve tariffs to 7.5 percent on $120 billion in products such as smartphones.
Trump said he will go to Beijing to begin talks on the second phase of the trade deal "at a later date."
Rep. George Santos has pleaded not guilty to charges alleging financial fraud at the heart of a political campaign built on dubious boasts about his personal wealth and business success.
The charges are under seal, said th
A jury has found Donald Trump liable for sexually abusing advice columnist E. Jean Carroll in 1996.
Before President Joe Biden and congressional leaders can even try to avert an unprecedented U.S. government default, their initial challenge on Tuesday will be to agree on what exactly they’re talking about as they hold their first substantive meeting in months.
A number of noncitizens appear to have been missed in the 2020 census.
Cheddar News checks in on what to look for on The Day Ahead as President Joe Biden meets with House Speaker Kevin McCarthy to look to resolve the debt ceiling debate. Earnings are also slated to be reported from companies including Airbnb, AMC Networks, Electronic Arts and Nintendo.
The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts.
California's reparations task force voted to approve recommendations for how the state should compensate Black residents for discriminatory policies.
As fears of a national debt default rise, House Minority Leader Hakeem Jeffries told NBC's "Meet the Press" that he isn't ruling out a short-term bill to raise the debt ceiling. At the same time, he said he doesn't think "the responsible thing is to kick the can down the road."
The Biden administration is starting work on new regulations it says will expand the rights of airline passengers.
