Report: President Donald Trump Approves Proposed Trade Deal With China

The transcript discusses a significant Phase One trade deal between the US and China, announced by President Trump. The deal includes delaying new tariffs on $160 billion of Chinese imports and halving some existing US tariffs. In exchange, China will purchase $50 billion in US agricultural products. The deal does not address issues with Huawei Technologies. The announcement led to a rise in US stock markets, indicating positive economic expectations.

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