Trump Says US, China Have Reached Deal; Sunday Tariffs Off

    FILE - In this July 22, 2019, file stacked containers wait to be loaded on to trucks at the Port of Oakland in Oakland, Calif. China's government says trade negotiators are in “close communication” with Washington ahead of a weekend deadline for a U.S. tariff hike. But a Ministry of Commerce spokesman gave no indication of possible progress in trade talks or whether Washington might postpone the increase. (AP Photo/Ben Margot, File)

    WASHINGTON (AP) — President Donald Trump said Friday that the U.S. and China have reached a Phase 1 trade deal, de-escalating a 17-month dispute between the economic powers.

    The U.S. is dropping plans to impose tariffs Sunday on $160 billion in Chinese imports and is reducing some existing tariffs on Chinese goods. In return, Trump said, the Chinese have agreed to “massive” but unspecified purchases of American farm and manufactured products.

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