Trump to sign phase one trade deal with China, announces planned trip to Beijing
President Trump said Tuesday he will sign a phase one trade deal between the U.S. and China on Jan. 15 at a White House ceremony.
Chinese President Xi Jinping will not attend the ceremony, but will instead be represented by high-level officials from Beijing, Trump tweeted.
The president added that he plans to travel to Beijing “at a later date” to begin discussions on a second trade deal with China that addresses broader structural topics not included in phase one.
I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!
— Donald J. Trump (@realDonaldTrump) December 31, 2019
The phase one signing ceremony would bring to an end months of uncertainty over the timing of the limited agreement between the U.S. and China.
Trump first told reporters on Oct. 11 that the U.S. and China had come to terms “in principle” on a phase one deal that addressed agricultural purchases and some intellectual property issues. He indicated at the time that the agreement would be finalized and signed in a matter of weeks.
But plans for a November signing ceremony in Chile fell through, and the agreement was in limbo until earlier this month when the two sides announced that they had reached a pact to reduce tariffs and increase Chinese purchases of U.S. agricultural products.
The signing ceremony will also provide a photo opportunity for Trump to tout a signature achievement, as he has spent more than a year attempting to negotiate a trade agreement with China.
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