China Calls Off New Tariffs On U.S. Goods After Trade Deal

The transcript discusses the Phase One trade deal between the US and China, which aims to ease the ongoing trade war. The US agreed to delay and reduce tariffs on Chinese imports, while China committed to purchasing $50 billion in US agricultural products. This deal marks a step towards resolving the trade conflict, with plans to negotiate a more comprehensive Phase Two deal in the future.

What specific products did the tariffs target before the trade deal?

What was the main purpose of the Phase One trade deal between the US and China?

What was the total value of Chinese imports that the US agreed to delay tariffs on?

How much in US agricultural products did China agree to purchase?

What did President Trump say about the negotiations following the Phase One deal?