China, U.S. Agree to Phase-One Trade Deal

The video discusses the US commitment to remove some tariffs on China and increase tariff exemptions for Chinese products entering the US. It highlights the importance of fulfilling these commitments as part of the phase one agreement between the two countries, aiming to reverse the trend of tariff hikes.

What are the potential consequences if the US side does not fulfill its tariff commitments?

What was agreed upon in the phase one agreement regarding tariffs?