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US-China phase one deal brings some relief, but uncertainty remains

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A partial trade deal signed on Wednesday between the U.S. and China gives some relief to the market, but uncertainty still remains, experts said.

“There’s a great sense of welcome that the deal was signed and a little bit of relief, naturally, and some measured optimism about how we can move forward,” said Gregory Gilligan, chairman of the American Chamber of Commerce in China.

The world two largest economies signed the first-phase trade agreement Wednesday afternoon at the White House after slapping tariffs on billions of dollars worth of each other’s goods for almost two years.

As part of the deal, China also agreed to purchase an additional $200 billion in U.S. goods over the next two…



Source cnbc.com

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