US, China agree to limited trade deal, new tariffs avoided

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US, China agree to limited trade deal, new tariffs avoided
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JUST IN: U.S., China announce agreement on limited trade deal that would result in the rollback of some tariffs on Chinese imports to the U.S. The details of the agreement were not immediately clear.

December 13, 2019, 3:46 PMCatch up on the developing stories making headlines.WASHINGTON -- The United States and China announced Friday they had agreed to a limited trade deal that would result in the rollback of some tariffs on Chinese imports to the United States.that China had"agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more" but that some U.S. tariffs on Chinese imports would remain.

Chinese President Xi Jinping shakes hands with President Donald Trump before a bilateral meeting during the G20 Summit on June 29, 2019, in Osaka, Japan. Chinese officials held a simultaneous press conference in Beijing announcing the deal, saying that the agreement had yet to be signed but that significant progress had been made.

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