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China and the U.S. Gear up to Ink a Truce on Wednesday – Trump and Xi Besties Again?

China and the U.S. Gear up to Ink a Truce on Wednesday – Trump and Xi Besties Again?

a week ago
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https://wccftech.com/china-and-the-u-s-gear-up-to-ink-a-truce-on-wednesday-trump-and-xi-besties-again/

A lasting truce in the 18-month long U.S. – China trade war appears imminent following reports of a Chinese pledge to purchase billions of dollars’ worth of additional manufactured goods, agricultural products, energy supplies and services from the U.S. over the next two years. The prospects for such a détente have been further brightened by the U.S. Treasury’s step to revoke China’s “currency manipulator” designation on Monday.

According to the information gathered by Reuters through its sources, the terms of a phase one trade deal – expected to be signed in Washington on Wednesday – will include Chinese commitments to procure additional U.S. energy supplies worth at least $50 billion and to enhance its purchases of American services by about $35 billion over the coming two-year period.