President Donald Trump said he would sign what he called a “very large and comprehensive” initial trade deal with China on January 15.
Trump had previously said the two leaders would have a signing ceremony for Phase One next month. Through the deal, first announced on December 13, China will increase purchases of American farm goods and be subject to lower tariffs on some goods.
The U.S. and China reached the deal after almost two years of an escalating trade war between the world’s largest economies. The U.S. said it would decrease current tariffs and cancel new tariffs. China will increase purchases of U.S. goods and services.
The White House will leave 25 percent tariffs on $250 billion in Chinese goods in place but halve tariffs to 7.5 percent on $120 billion in products such as smartphones.
Trump said he will go to Beijing to begin talks on the second phase of the trade deal "at a later date."
The presidents of three U.S. colleges and universities are testifying before a House Committee on their handling of anti-Semitic incidents after Hamas' attack in Israel in October.
The Supreme Court on Tuesday dismissed a case surrounding a Maine hotel that could have made it harder for people with disabilities to learn in advance whether a hotel's accommodations meet their needs.
Attorneys for former president Donald Trump missed their chance Monday to pause the gag order against their client in his civil fraud trial in New York.
Federal prosecutors opposed Hunter Biden's request to subpoena documents from former President Trump and other members of his administration.
The U.S. may form a naval task force to escort commercial ships through the Red Sea, days after Houthi rebels struck three vessels with missiles.
Treasury Secretary Janet Yellen is heading to Mexico this week to promote her agency's new strike force to help combat illicit fentanyl trafficking as the U.S. and China step up efforts to stop the movement of the powerful opioid and drug-making materials into the United States.
Sen. Bernie Sanders and the Democratic senators involved say they are firm in their stand that Israel's military must adopt substantive measures to lessen civilian deaths in Gaza as part of receiving the supplemental's $14.3 billion in U.S. aid for Israel's war.
Russian news outlets are reporting that President Vladimir Putin is set to make a rare trip abroad this week.
President Joe Biden is preparing a package of healthcare measures that include cutting prescription drug prices.
The White House is urging Congress to pass President Biden's aid package for Ukraine warning that the U.S. will be out of funding by the end of the year.
