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."
Republican presidential candidate Tim Scott says he is ending his 2024 bid for president in a move that surprised his donors and stunned his campaign staff.
House Speaker Mike Johnson unveiled his proposal on Saturday to avoid a partial government shutdown by extending government funding for some agencies and programs until Jan. 19 and continuing funding for others until Feb. 2.
Activists protesting corporate profits, environmental abuses, poor working conditions and the Israel-Hamas war marched in downtown San Francisco on Sunday, united in their opposition to a global trade summit that will draw President Joe Biden and leaders from nearly two dozen countries.
U.S. officials say that five U.S. servicepeople were killed when a military helicopter crashed over the eastern Mediterranean Sea during a training mission.
FBI agents seized phones and an iPad from New York City Mayor Eric Adams this week as part of an investigation into his campaign fundraising, his attorney confirmed Friday.
A man was arrested early Friday in the alleged assault of former U.S. Sen. Martha McSally, who says she was molested as she jogged along the Missouri River in Council Bluffs, Iowa.
President Joe Biden and Chinese President Xi Jinping will meet Wednesday in California for talks on trade, Taiwan and managing fraught U.S.-Chinese relations in the first engagement between the leaders of the world's two biggest economies in a year.
a phrase about the space in between, “from the river to the sea,” has become a battle cry with new power to roil Jews and pro-Palestinian activists in the aftermath of Hamas' deadly rampage across southern Israel Oct. 7 and Israel's bombardment of the Gaza Strip.
