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."
A former Proud Boys organizer was sentenced to 40 months in prison yesterday for his involvement in the January 6, 2021 attack on the U.S. Capitol.
Israel reportedly delivered an offer with possible terms for a second week-long ceasefire.
A divided Colorado Supreme Court is removing former President Donald Trump from the state’s primary ballot, saying in a historic ruling that he is ineligible to be president after his role in the Jan. 6, 2021, attack on the U.S. Capitol.
The death of a 5-year-old migrant boy and reported illnesses in other children living at a warehouse retrofitted as a shelter has raised fresh concerns about the living conditions and medical care provided for asylum-seekers arriving in Chicago.
New York State will create a commission tasked with considering reparations to address the persistent, harmful effects of slavery in the state under a bill signed into law by Gov. Kathy Hochul on Tuesday.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
President Joe Biden has memorialized Justice Sandra Day O’Connor as a pioneer in the legal world who inspired generations of women.
Former Maryland Gov. Martin O'Malley will take on the role of head of the Social Security Administration after the Senate voted to confirm him.
President Biden's pleas for Congress to approve more Ukrainian aid before year's end appears to be coming up short.
Republican Texas Gov. Greg Abbott has approved sweeping new powers that allow police to arrest migrants who illegally cross the U.S. border and give local judges authority to order them to leave the country.
