China, U.S. Agree Tariff Rollback If Phase One Trade Deal is Completed

“The optimism over a phase one trade deal boosted stocks globally; bond yields shuffled higher” writes Min Read for Trump has used tariffs on billions of dollars of Chinese goods as his primary weapon in the protracted trade war.A U.S. official, speaking on condition of anonymity, confirmed the rollback would be part of the first phase of a trade agreement that is still being put to paper for Trump and President Xi Jinping to sign.U.S. officials said a lot of work remained to be done when Trump announced the outlines of an interim deal last month.A deal may be signed before the end of the year by Trump and Xi at a yet-to-be determined location.

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