Im chris cuomo. As the worlds biggest economies come together this week to sign a phase one trade deal details are emerging of the pax to end a conflict that has roiled World Markets chinas chief trade negotiator vice premier league has arrived in washington for the signing reports say china has agreed to buy billions of dollars and u. S. Energy products farm goods and services. Sought chinas exports edge half a percent higher in 29. 00. Im joined by my colleague Clifford Coonan here in the studio what more can you tell us about these reports that china is to buy much more u. S. Stuff but its been a busy few hours in the in in the newsroom here were getting some details through the chinese pledge by nearly 80000000000. 00 in manufactured goods from the u. S. Over the next 2 years to be 50000000000. 00 more in Energy Supplies and probably about 35000000000 more in services which is actually one area where there is a trade surplus at the moment so were getting the details are coming thro
Dropped china from its list of currency manipulators at the same time washington is making headway in reducing its gaping trade deficit with china right before wednesdays scheduled signing of a phase one trade deal between the 2 countries. No obvious signs of enthusiasm on the chinese side vice premier the oha arriving tuesday to sign an interim deal that at 1st glance is more favorable to the u. S. Its an agreement thats already boosted u. S. Markets and stands to pacify American Farmers china will buy 80000000000. 00 more in American Goods like the soybeans and another 35000000000. 00 in Services Still theres more reason to smile of aging these days the economy is showing signs of life exports were strongly up in december for the 1st time in months oil imports are on the rise and significantly the u. S. Says it will stop labeling china a currency manipulator. A trade deal takes some pressure off china without digging too deep into stick here issues like intellectual property and tech
Says it will stop labeling china a currency manipulator its a label that has bothered china. Says on who will actually china has never been a currency manipulator the United States latest conclusion can said to be in line with the facts and in line with the international communitys consensus. A trade deal takes some pressure off china without digging too deep into stick your issues like intellectual property and technological transfers exporters also stand to gain but the broader picture is more complicated u. S. Tariffs will remain in place on 370000000000. 00 worth of chinese imports like steel and the near term remains muddy domestic spending on things like cars is down a new survey by reuters predicts 2020 will see the weakest growth in china in 30 years. The u. S. And china remain wary of one another both sides have pulled back on agreements in the past trumps reelection bid adds another element of uncertainty. More reason while this new deal will be so closely followed. And were
Life exports were strongly up in december for the 1st time in months or oil imports are also on the rise significantly the u. S. Says it will stop labeling china a currency manipulator its a label that has bothered china. Says on actually china has never been a currency manipulator the United States latest conclusion can said to be in line with the facts and in line with the international communitys consensus. A trade deal takes some pressure off china without digging too deep into stick your issues like intellectual property and technological transfers exporters also stand to gain but the broader picture is more complicated u. S. Tariffs will remain in place on 370000000000. 00 worth of chinese imports like steel. And the near term remains money domestic spending on things like cars is down a new survey by reuters predicts 2020 will see the weakest growth in china in 30 years the u. S. And china remain wary of one another both sides have pulled back on agreements in the past trumps re
Says it will stop labeling china a currency manipulator its a label that has bothered china. Says on who will actually china has never been a currency manipulator the United States latest conclusion can said to be in line with the facts and in line with the international communitys consensus. A trade deal takes some pressure off china without digging too deep into stick your issues like intellectual property and technological transfers exporters also stand to gain but the broader picture is more complicated u. S. Tariffs will remain in place on 370000000000. 00 worth of chinese imports like steel. And the near term remains muddy domestic spending on things like cars is down a new survey by reuters predicts 2020 will see the weakest growth in china in 30 years. The u. S. And china remain wary of one another both sides have pulled back on agreements in the past trumps reelection bid adds another element of uncertainty. More reason while this new deal will be so closely followed. And were