Browsed by
Month: January 2020

U.S., China reset trade relationship with Phase 1 agreement

U.S., China reset trade relationship with Phase 1 agreement

China agreed to increase its purchase of U.S. manufactured goods by $77.7 billion over two years, according to text of the agreement released Wednesday. The manufactured goods include motor vehicles, industrial machinery, electrical equipment, pharmaceutical products, aircraft, iron and steel and optical and medical instruments.