The US and China have signed an agreement to pause the trade war that has weighed on the global economy for nearly two years, while leaving in place tariffs on hundreds of billions of dollars of Chinese imports.
The so-called phase one deal signed at the White House on Wednesday follows a lengthy period of economic conflict between Washington and Beijing that triggered anxiety in global markets and uncertainty for business.
The 86-page English-language text contains eight chapters, ranging from stricter rules on intellectual property in China to a pledge by Beijing to purchase at least $200bn in US goods and services over the next two years, as well as a commitment by China not to manipulate its currency.
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