US-China trade agreement

(Dec 22): President Donald Trump on Saturday said the United States and China would “very shortly” sign their so-called Phase One trade pact.

SINGAPORE (Dec 20): The US and China two weeks ago reached an agreement on a “phase one” trade deal, which is slated to be signed in January after legal review and translation. Markets heaved a collective sigh of relief.

(Dec 5): Stocks in Asia opened higher Thursday after a report the US and China are getting closer to a deal that would avoid tariffs due to kick in later this month. Treasury yields stabilised after gains.

(Nov 5): President Xi Jinping said China would focus more on imports and further lower tariffs in his first opportunity to address global investors since the world’s two largest economies resumed trade talks in September.