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Phase One Trade Agreement Implementation Moving Forward

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Following concerns that China may not follow through with the phase one trade deal, USDA says China has taken numerous actions to implement commitments to the U.S. In a statement, Agriculture Secretary Sonny Perdue says the Trump administration negotiated a strong trade agreement with China and there are expectations with compliance on all elements of the deal. The phase one trade deal agreement went into effect in mid-February. Read the press release.

U.S. and China Come to Agreement

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The news of a trade deal between the U.S. and China started to unfold this past week. Chinese officials were vague in a press conference today on the details, but did confirm an agreement on the context of a phase one deal. This includes an increase in agricultural imports. A 25 percent tariff will remain in place, but the penalty tariffs originally set to go into effect Sunday, December 15 will not be charged. Negotiations on the phase two deal will begin immediately. Read more.

New Site Sought for U.S.-China Trade Deal Meeting

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According to a tweet from President Donald Trump, the U.S. and China are trying to secure a new location to sign a tentative trade deal. President Trump and Chinese President Xi were expected to meet during the Asia-Pacific Economic Cooperation Summit in Chile, but that event was canceled due to ongoing protests. Trump said phase one is about 60 percent of the total trade agreement.