• Web tax, Trump threatens sanctions and new duties towards France and Italy
  • China and the USA towards an agreement for the "gradual reduction of duties"

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December 12, 2019The United States has reached a trade agreement in principle with China, which now awaits the possible blessing of Donald Trump. The Bloomberg agency reported it citing some sources, according to which the negotiators are meeting in these hours Trump to illustrate in detail the contents of the agreement on phase one.

Expected the announcement of the White House
An announcement by the White House on the agreement reached in principle by the US and China on trade is expected shortly. Shortly before Trump's meeting with economic advisers, Trade Representative Robert Lighthizer told US parliamentarians that the announcement on duties was probably "imminent," according to journalists by Texan Senator John Cornyn. According to US media, the agreement only lacks the signature of President Donald Trump.

Washington would put a 50% cut on $ 375 billion worth of imports from China on the table and freeze the rates that were supposed to come into effect next December 15th. The news has already given wings to stock exchanges, particularly on Wall Street.