The US president during the announcement of a trade agreement with China said it’s a good time for purchasing land for agriculture. Trump added that China has promised to purchase crops about 40-50 billion dollars and other disputes including banking disputes, opening a financial system for US companies in China, etc. have been solved.

The final agreement is supposed to be signed in the next three or four weeks in the joint party of the countries (probably in Chile). Trump called this agreement Phase one and next phases negotiations shall begin later.

The customs tariff rises from 25% to 30% on 250 billion dollars of Chinese commodities has been temporarily ceased which is good news for Commodities and metals such as copper, zinc, and aluminum shall welcome it in the coming week.

US-China Trade war Consequences

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