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January 16, 2020

Trump Signs "Phase 1" Agreement with China, Easing Trade War
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President Trump on Wednesday signed a deal with China that partially
ends the trade war he began a year-and-a-half ago. Under the so-called
Phase 1 agreement, China agreed to stronger protections for U.S.
technology firms' intellectual property rights and trade secrets. China
also agreed to increase imports of U.S. goods by $200 billion by the end
of the year. This comes as the U.S. Senate is expected to pass the
United States-Mexico-Canada Agreement today - the replacement for NAFTA,
the 1994 North American Free Trade Agreement.


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