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U.S. and China sign Phase One trade deal

As a result of trade agreement signed at the White House on Wednesday, Jan. 25, 2020 China has pledged to increase imports of American goods and services by at least $200 billion.

The current 15% tariffs will go down to 7.5% and the details will be published in the Federal Register next week, and likely effective February 1, or thereabouts. 

The 96 page agreement and the fact sheets are available here.


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