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Economic and Trade Agreement Between the U.S. and China Signed

17 January 2020

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Approved Changes

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United States-China

On 15 January 2020, officials from the governments of China and the U.S. signed an economic and trade agreement following an extended trade dispute that resulted in increased tariffs on both sides. The agreement completes phase one of a trade deal that included a suspension of planned tariff increases in December 2019. As provided in the preamble, the agreement was signed with the two countries: Recognizing the importance of their bilateral economic and trade relationship; Realizing that it is in the interests of both countries that trade grows and that there is adherence to international norms so as to promote...