WASHINGTON: The US and China have signed a deal with the aim of easing a trade war that has shaken the global markets.
Speaking at a program in Washington, US President Donald Trump said the pact would be “transformative” for the US economy while Chinese leaders called it a “win-win” deal that would help foster bilateral ties between the two countries.
China has pledged to boost US imports by $200 billion above 2017 levels and strengthen intellectual property rules.
In exchange, the US has agreed to halve some of the new tariffs it has imposed on Chinese products.
(With inputs from Agencies)
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