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."
A former U.S. diplomat has been arrested and accused of being a secret Cuban spy.
Philadelphia City Council passed legislation to ban ski masks in some public spaces, a measure supporters say will increase public safety amid high violent crime, but opponents argue it will unfairly target people without proof of any wrongdoing.
A federal appeals court ruled that former President Donald Trump won't have presidential immunity in civil lawsuits related to the January 6th attack on the Capitol.
The 2023 United Nations Climate Change Conference known as COP28 kicked off in Dubai and major progress is already being made.
California Gov. Gavin Newsom and Florida Gov. Ron DeSantis squared off in a very unusual political debate Thursday night on Fox News.
Retired Justice Sandra Day O'Connor, the first woman on the Supreme Court, died Friday, the high court said.
Sen. Rand Paul successfully performed the Heimlich maneuver on fellow Sen. Joni Ernst as she choked at a GOP lunch that she was hosting.
Israeli fighter jets hit targets in the Gaza Strip minutes after a weeklong truce expired on Friday, signaling that the war with Hamas has resumed in full force.
Democrats on the Senate Judiciary Committee voted Thursday to authorize subpoenas for two prominent conservatives who arranged luxury travel and other benefits for Supreme Court justices, but Republicans planned to object to the legitimacy of the action.
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
