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."
Supreme Court Justice Clarence Thomas defended himself against reports that a GOP donor treated him to super luxury vacations.
California Rep. Mark Takano re-introduced a bill for a four-day work week to bring to Congress. "The idea here is to ignite and jumpstart a serious conversation about how long the work week should be," Rep. Takano said. "The next steps are to continue to build interest ... that interest needs to be turned into public sentiment."
Cheddar Explains: How Climate Change is Driving Migration
Supreme Court Justice Clarence Thomas says he wasn’t required to disclose the many trips he and his wife took that were paid for by a Republican megadonor.
The two expelled members are Black and the member not expelled is white.
On A Positive Note: U.S. Taps First Woman to Ever Lead Largest U.S. National Guard
The capacity to burn coal for power went up in 2022 despite global promises to phase down the fuel that’s the biggest source of planet-warming gases in the atmosphere, a report Wednesday found.
Supreme Court Justice Clarence Thomas has for more than two decades accepted luxury trips nearly every year from Republican megadonor Harlan Crow without reporting them on financial disclosure forms, ProPublica reports.
Democrat Robert F. Kennedy Jr., an anti-vaccine activist and scion of one of the country’s most famous political families, is running for president.
A Democratic state lawmaker in North Carolina announced Wednesday that she is jumping to the Republican Party, giving the GOP veto-proof majorities in both the state's legislative chambers that should make it easier to enact conservative policies over the opposition of Gov. Roy Cooper.
