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Transcripts For DW Business 20240713

President trump is set to sign a trade agreement today with china the phase one deal signals a deescalation and a conflict that has pitted the worlds 2 most powerful economies against each other for nearly 2 years so far the United States and snapped errors on 5550000000000. 00 worth of chinese products china in turn has said levies on 185000000000. 00 worth of us goods that amounts to 700 and 35000000000. 00 in total so far these tit for tat tariffs remain in force they cover a wide array of goods the us says the 1st part of the new agreement stipulates that beijing will buy an additional 200000000000. 00 in American Products over a 2 year period includes farm goods in particular now under turn the trumpet ministration has call of you tariffs on chinese made goods Like Electronics and cell phones that were set to take effect by the end of last year it is a major milestone but some of the biggest stumbling blocks still lie ahead. It is a gloomy winter day in shanghai and even the upcom

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