5 Fast Facts: US and China Sign Phase One of New Trade Deal - Paycheck

5 Fast Facts: US and China Sign Phase One of New Trade Deal

It’s time for phase two of the US/China trade deal.

  1. Jan. 15 will be a win for farmers! Chinese officials will sign phase one of the trade deal, and China will begin buying more of our piggies, cheeses, and ginseng. 
  2. And a win for Walmart and Target shoppers (among other stores). The tariffs are being reduced on about $120 billion of Chinese imports.
  3. China agreed to buy $200 billion more US goods over the next two years – that means more $$ in the pockets of WI small businesses
  4. After signing phase one, Trump will travel to Beijing to begin negotiating phase two
  5. The next wise decision would be to get China to stop stealing intellectual property from US companies

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