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1/14, 11:30 PM (Source: TeleTrader)
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No reduction in tariffs in phase one trade deal - Mnuchin, Lighthizer

United States Secretary of the Treasury Steven Mnuchin (pictured left) along with US Trade Representative Robert Lighthizer (pictured right) issued a joint statement on Tuesday regarding the phase one trade agreement between the US and China, set to be signed tomorrow.

The joint statement revealed that all information about the trade deal, except for the already described confidential annex detailing purchase amounts, will be published on Wednesday.

Mnuchin and Lighthizer noted there are "no other oral or written agreements" between Washington and Bejing, adding that "there is no agreement for a future reduction in tariffs," and that "any rumors to the contrary are categorically false."

Breaking the News / NL