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."
House members voted again Thursday to punish one of their own, targeting Democratic Rep. Jamaal Bowman for triggering a fire alarm in one of the U.S. Capitol office buildings in September when the chamber was in session.
The Senate has failed to advance a bill that would provide aid to Ukraine and Israel.
A Nevada grand jury indicted six Republicans who submitted certificates to Congress falsely declaring Donald Trump as the winner of the 2020 presidential race.
Former President Donald Trump has returned to his New York civil business fraud trial again.
Columnist and political analyst Jonathan Harris provided a full recap of Wednesday night's Republican presidential debate.
The U.S. military has grounded its fleet of Osprey V-22 aircraft a week after a deadly crash off the coast of Japan.
But even as he lashed Republicans for their stance, Biden stressed that he is willing to “make significant compromises on the border,” if that’s what it takes to get the package through Congress.
The four Republican presidential candidates debating Wednesday night mostly targeted each other instead of Donald Trump. Former United Nations Ambassador Nikki Haley took the brunt of the attacks as she gets more interest from donors and voters.
Word about McCarthy's future had been expected the approach of the filing deadline to seek reelection. His departure will leave the already paper-thin House GOP majority even tighter, with just a few seats to spare.
Russian President Vladimir Putin began a rare overseas trip that will include a meeting with Saudi Arabia's crown prince, Mohammed bin Salman.
