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."
President Joe Biden has asked for more aid for Ukraine from Congress.
Water infrastructure across the country is vulnerable as climate change makes storms more unpredictable and destructive, flooding low-lying drinking water treatment plants and overwhelming coastal sewage systems.
Iran has transferred five Iranian-Americans from prison to house arrest in exchange for billions of dollars frozen in South Korea, U.S. and Iranian officials said Thursday, in a deal that comes after months of heightened tensions between the two countries.
Special Counsel Jack Smith has requested a court date of Jan. 2, 2024 for Former President Donald Trump's 2020 election fraud case trial.
Former President Donald Trump will not sign the loyalty pledge typically required by the RNC to be in the first primary debate.
Gun safety groups are rallying behind President Joe Biden and his upcoming re-election campaign.
Fernando Villavicencio, a candidate in Ecuador's upcoming presidential election, was shot and killed Wednesday at a political rally in Quito.
A man accused of threatening President Joe Biden was shot and killed by the FBI as they sought to serve a warrant for him in Utah.
The shooting happened around 6:15 a.m. as special agents tried to serve a warrant on the home of Craig Deleeuw Robertson in Provo, south of Salt Lake City.
President Joe Biden will make his case for bringing back factory jobs in the U.S. during a speech in New Mexico.
