Friday, December 13, 2019

Beijing to Buy $200 Billion in US Goods as Part of Initial US-China Trade Deal

 Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, Feb. 13, 2017. (Reuters/Aly Song)

The Chinese regime has committed to buy at least $200 billion in American goods and services over the next two years in a “phase one” U.S.-China trade deal struck between the two countries, according to a senior White House official.

The deal also includes commitments by the regime to reform “critically important structural issues,” including in the areas of intellectual property, forced technology transfer, and currency and foreign exchange, a senior administration official told reporters in a conference call.

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