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."
The Florida Senate on Monday approved a bill to ban abortions after six weeks, a measure supported by Gov. Ron DeSantis as the Republican prepares to launch his expected presidential candidacy.
Floridians will be able to carry concealed guns without a permit under a bill Republican Gov. Ron DeSantis signed Monday, giving the governor another legislative victory as he prepares a campaign for president.
President Joe Biden's administration is making $450 million available for solar farms and other clean energy projects across the country at the site of current or former coal mines, part of his ongoing efforts to combat climate change.
Disney CEO Bob Iger on Monday said any retaliatory actions by Florida Gov. Ron DeSantis and the Republican-controlled Florida Legislature against the company that threaten jobs or expansion at its Florida resort is not only “anti-business ... but anti-Florida.”
Finland has joined the NATO military alliance. The move deals a major blow to Russia with a historic realignment of the continent triggered by Moscow’s invasion of Ukraine.
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The blue-and-white Finnish flag rises outside NATO headquarters Tuesday afternoon, doubling Russia’s border with the world’s biggest security alliance.
Cheddar News' Senior Reporter Chloe Aiello breaks down who will qualify for federal electric vehicle tax credits following recent changes.
A state appeals court has ordered a new trial for the man accused of gunning down a Chicago honor student days after she had performed at Barack Obama's 2013 presidential inauguration.
