US-China trade negotiators reach preliminary agreement
CNNWashington CNN — US and Chinese negotiators reached a preliminary agreement Friday that will ease trade tensions, but it falls short of a comprehensive deal. “We’ve come to a very substantial phase one deal,” President Donald Trump announced in the Oval Office alongside Chinese Vice Premier Liu He Friday afternoon. “I hope the two sides will act in the principle and direction you and I have agreed to, and work to advance China-US relations based on coordination, cooperation and stability.” Earlier Friday, Trump and other officials close to the US-China trade talks indicated there was better-than-expected progress on Thursday during the first day of high-level negotiations in Washington, causing stocks to buoy Friday morning in the hopes a deal would be reached. Trump previously told press Thursday afternoon that he thought negotiations were “going really well.” Officials worked through Thursday at the offices of the US Trade Representative and remained at the table during a planned lunch break.