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Thursday, January 2, 2020

US-China Phase One Deal to Be Signed Jan. 15: Trump

The phase-one U.S.-China trade deal will be signed Jan. 15 at the White House, President Donald Trump said in a tweet Tuesday (Dec. 31).

Trump also confirmed that “high level representatives of China will be present” at the ceremony. Earlier reports had suggested Chinese trade officials led by Vice Premier Liu He would be in Washington through the middle of next week to sign the trade deal.

Additional U.S.-China trade talks are set to begin “at a later date,” Trump said, adding he would travel to Beijing to kick off “phase two” trade deal negotiations.

Provisions of the phase-one agreement include purchases of U.S. ag products by China, a promise by China to bolster intellectual property protections and new enforcement provisions, among others. The final text of the deal is still undergoing a legal scrub and is expected to be released following the signing.