President Trump, Chinese Leaders Sign Preliminary Trade Deal
President Trump and Chinese leaders are signing a preliminary trade deal Wednesday.
The estimated 80-page document is still under wraps.
Presidents typically don’t sign bilateral deals and trade agreements are usually reviewed by Congress. That’s not the case this time.
The Trump administration and Chinese leaders say it’s because of promises by Beijing to go beyond prior commitments made on intellectual property theft.
The agreement also includes a pledge from china to buy $200 billion in farm goods and other U.S. made products over a two-year period.
This comes after Tuesday’s update from the U.S. international trade commission, ruling that the U.S. cherry industry is not negatively impacted by the import of dried tart cherries from Turkey.