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US And China Sign 'Phase One' Deal

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keifa
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bible translation: COMPLETE JEWISH BIBLE
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US And China Sign 'Phase One' Deal

Post by keifa »

US and China sign 'phase one' deal

The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy.

Speaking in Washington, US President Donald Trump said the pact would be "transformative" for the US economy.

Chinese leaders called it a "win-win" deal that would help foster better relations.

China has pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules.

In exchange, US has agreed to halve some of the new tariffs it has imposed on Chinese products. However the majority of the border taxes remain in place, prompting business groups to call for talks to continue.

"There's a lot of work to do ahead," said Jeremie Waterman, president of the China Center at the US Chamber of Commerce. "Bottom line is, they should enjoy today but not wait too long to get back to the table for phase two."
Read More BBC News Business


Thigibh a nis le buidheachas
n a gheataibh-san a steach,
Is thigibh fòs le maladh mòr
an cùirtibh naomh a theach :
Is thugaibh dha mòr-bhuidheachas,
ainm beannaichibh gu binn.

Psalm 100: 4


"Beware of the false prophets! They come to you wearing sheep's clothing, but underneath they are hungry wolves! You will recognize them by their fruit. Can people pick grapes from thorn bushes, or figs from thistles?
Matthew 7: 15-16 Complete Jewish Bible

Dear friends, don't trust every spirit. On the contrary, test the spirits to see whether they are from God; because many false prophets have gone out into the world.1 John 4:1 Complete Jewish Bible


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