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."
More Covid-era benefits are ending.
The Supreme Court justices are taking the bench for the first time since June in a new session.
President Joe Biden signed a spending bill late Saturday night after a last-ditch bipartisan deal to avoid a government shutdown.
California Gov. Gavin Newsom appointed Laphonza Butler, president of EMILY's List, to succeed Sen. Dianne Feinstein, who passed away last week.
Former President Donald Trump denounced the civil fraud case over his business practices as a politically motivated “scam” as he arrived defiantly for a trial in the lawsuit, which could cost him control of Trump Tower and other prized properties.
Memorial services for California Sen. Dianne Feinstein are now set.
Stocks fell to open the new week and a new month despite a bipartisan deal at the 11th hour to avoid a government shutdown.
McCarthy passed a temporary spending bill with Democratic support, enraging Gaetz and other far-right members whose demands for spending cuts were a nonstarter with the Senate and President Joe Biden.
California Gov. Gavin Newsom fulfilled his pledge to appoint a Black woman if Dianne Feinstein’s seat became open. The long-serving Democratic senator died Thursday after a series of illnesses.
Police seized computers and cellphones during searches of the Marion County Record's office and the home of its publisher in August.
