U.S. and China agree to ‘phase-one’ deal easing trade tensions

THE U.S. AND CHINA have indicated that the two nations have reached a deal for the first phase of a broader trade agreement. / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON
THE U.S. AND CHINA have indicated that the two nations have reached a deal for the first phase of a broader trade agreement. / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON
WASHINGTON – The United States and China said they agreed to the details of the first phase of a broader trade agreement in a move that will see the U.S. reduce tariffs and at least temporarily calm fears of an escalating trade war between the world’s two largest economies. The deal announced hinges on China…

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