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China commits to increase U.S. purchases by $200 billion over two years in phase-one deal

December 13, 2019 at 3:43 PM
China agreed to increase its purchases of U.S. goods and services by $200 billion as part of a phase-one deal, including upping its buys of U.S. agricultural products to $40-50 billion per year, U.S. Trade Representative Robert Lighthizer told reporters on Friday. Lighthizer said he anticipated the two sides signing the 86-page deal in the first week of January, after it undergoes a legal scrub and translations are authenticated. The deal, including U.S. tariff reductions, will take effect 30 days...


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