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December 12, 201923.25 The United States reached a principled trade agreement with China, which received the blessing of Donald Trump. According to Bloomberg, citing sources and some contents of the agreement. The negotiators would have offered the Chinese counterpart to reduce, by up to 50%, the duty rates on about 360 billion dollars of imported Chinese products and the cancellation of the new duties in December, in exchange for Beijing's commitment to purchase large quantities of agricultural goods and US products.