Donald Trump and Liu He signs phase one trade deal – business live
Rolling coverage of the latest economic and financial news, as US and China prepare to sign a preliminary trade agreement
- Latest: Trump and Liu arrive to sign trade deal
- Trump: This is a momentous step forwards
- Stephen Mnuchin welcomes trade deal
- Experts: it’s not the end of the trade war
- Dow hits fresh record high
Looking ahead, Donald Trump says the US and China will start talking about a Phase Two deal as this deal kicks in.
But in the meantime, the tariffs on hundreds of billions of dollars of Chinese imports will remain in place.
Trump has finally returned to the details of the US-China trade talks.
He says Beijing has agreed to “greatly expand” the products it buys from America, and will buy “much more than $200bn” over the next two years.