U.S. And China Sign Preliminary Trade Deal

The transcript discusses a historic trade deal between the US and China aimed at resolving a two-year trade war. The deal includes China's agreement to purchase $200 billion in US goods and tighten intellectual property rules, while the US delays new tariffs and reduces some existing ones. However, significant tariffs remain, and future tariffs could be imposed if China fails to comply. The US removed China from its currency manipulator list, a move that previously heightened tensions. Future semiannual meetings are planned to address ongoing economic disputes.

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