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US, China sign phase one deal in trade war truce; Trump calls it a momentous step towards fair trade and says he will be visiting China soon

Jan 16, 2020 - The Straits Times (Singapore)

US President Donald Trump and Chinese Vice-Premier Liu He signed a long-awaited trade deal yesterday, calling a truce on their 1½-year-long trade war.

The phase one trade accord is an uneasy compromise between the world's two largest economies, whose sabre-rattling and tit-for-tat tariffs have rattled global markets and battered businesses caught in the crossfire since July 2018.

"Today we take a momentous step, one that has never been taken before with China, towards a future of ...