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."
Donald Trump's former chief of staff, Mark Meadows, is being sued by his book publisher for breach of contract.
Israeli Prime Minister Benjamin Netanyahu says Israel will have “overall security responsibility” in Gaza for an indefinite period after its war with Hamas.
The Israeli army severed northern Gaza from the rest of the besieged territory and pounded it with airstrikes Monday, preparing for expected ground battles with Hamas militants in Gaza's largest city and an even bloodier phase of the month-old war.
Four men were charged Monday over the theft of an 18-carat gold toilet from Blenheim Palace, the sprawling English country mansion where British wartime leader Winston Churchill was born.
Donald Trump began testifying Monday morning in his civil fraud trial, producing the spectacle of a former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.
The most-watched races in Tuesday’s off-year general election have all been dominated by the ongoing debate over abortion rights.
Iowa Gov. Kim Reynolds is reportedly planning to endorse Florida Gov. Ron Desantis in the Republican primary.
The endorsement could give DeSantis' campaign a boost as he struggles to show progress against Donald Trump in the Republican primary.
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
The watchdog office overseeing the National Science Foundation is sending investigators to Antarctica's McMurdo Station after hearing concerns about the prevalence of sexual violence at the U.S. research base.
