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."
Israel and Hamas agreed to extend their cease-fire for two more days past Monday, the Qatari government said, bringing the prospect of a longer halt to their deadliest and most destructive war and further exchanges of militant-held hostages for Palestinians imprisoned by Israel.
A four-day truce in the Israel-Hamas war has taken effect, setting the stage for the exchange of dozens of hostages held by militants in Gaza for Palestinians imprisoned by Israel.
A group of Lahaina wildfire survivors is vowing to camp on a popular resort beach until the mayor uses his emergency powers to shut down unpermitted vacation rentals and make the properties available for residents in desperate need of housing.
House Judiciary Committee Chair Jim Jordan is calling on the assistant U.S. attorney for Delaware, Lesley Wolf, to appear before the committee by Dec. 7 to respond to allegations that she interfered in the yearslong case into the president’s son.
