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Here are some key topics covered in the U.S.-China phase one trade deal that was signed in Washington on Wednesday.
Why it matters: This is at the heart of the U.S.’s 301 case against China that started the trade war.Why it matters: This is key relief for farmers and other businesses that have been hobbled by tit-for-tat tariffs.Why it matters: This addresses some of the complaints American companies have about doing business in China.Why it matters: The U.S. just removed China from its list of currency manipulators and this part of the deal gives them another way to enforce market-based principles of foreign-exchange rates.Why it matters: Banks, insurers and credit rating companies have tried for years to gain more access to the Chinese market.
The deal remains vague on what happens next, simply stating that “the parties will agree upon the timing of further negotiations.”
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