Cooling Mideast tensions, coming 'phase one' trade deal signing lifts U.S. stocks
Chinese Vice Premier Liu He will lead a delegation to Washington to sign the first phase of the trade deal with the U.S. from Jan. 13 to Jan. 15, according to the Ministry of Commerce.
Ministry spokesman Gao Feng said the teams are in close contact, but gave no further details.
The statement is the first Chinese confirmation of the signing, which President Donald Trump said would be Jan. 15. Trump has also said he will go to Beijing after the deal is inked to begin negotiations on the second phase.
Under the accord, announced Dec. 13, Trump agreed to suspend plans for new tariffs on Chinese imports and reduced some existing levies, while Beijing agreed to increase agricultural purchases. The precise terms of the agreement have not been revealed. U.S. Trade Representative Robert Lighthizer has said he expects the 86-page accord the document will be publicly released after it is signed.