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1/16, 2:43 PM (Source: TeleTrader)
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Trump: Phase one China deal to bring $250B

United States President Donald Trump wrote on Twitter on Thursday that the phase one trade agreement signed with China yesterday will bring $250 into the US economy, setting up negotiations for phase two talks.

"One of the greatest trade deals ever made! Also good for China and our long term relationship. 250 Billion Dollars will be coming back to our Country, and we are now in a great position for a Phase Two start. There has never been anything like this in U.S. history! USMCA NEXT!" he posted on his personal account.

The trade accord regulates forced technology transfer and intellectual property protections, as well as currency manipulation guarantees. China is also expected to spend over $200 billion on US products in the next two years.

Breaking the News / NI