Trump Says U.S. and China Have Reached a 'Substantial Phase One' Deal

The transcript discusses a Phase One deal involving intellectual property and financial services, with a significant focus on agricultural product purchases from China, ranging from $40 to $50 billion. This deal is expected to greatly benefit farmers, increasing their sales significantly from previous levels. The timeline for finalizing the deal is estimated to be three to five weeks, with potential signing at an upcoming summit in Chile. The transcript emphasizes the positive impact on farmers and the increase in agricultural purchases over recent weeks.

What is the expected timeline for finalizing the phase one deal?

• 1-2 weeks

• 3-5 weeks

• 6-8 weeks

• 9-12 weeks

Which sectors are included in the phase one deal?

• Tourism and Hospitality

• Healthcare and Education

• Intellectual Property and Financial Services

• Technology and Manufacturing

How much worth of agricultural products is China expected to purchase?

• $20-30 billion

• $10-20 billion

• $60-70 billion

• $40-50 billion

What was the highest amount China had previously purchased in agricultural products?

• $30 billion

• $25 billion

• $16-17 billion

• $8 billion

What is the current level of agricultural purchases by China?

• $6 billion

• $10 billion

• $4 billion

• $8 billion