Trade advisers were set to meet with the president at 2:30 p.m. to discuss the agreement. An announcement could come by day’s end.
The terms have been agreed but the legal text has not yet been finalized.
The phase-one pact has been expected to reduce existing tariffs and delay ones due to take effect on Sunday.
Getting VERY close to a BIG DEAL with China. They want it, and so do we!
— Donald J. Trump (@realDonaldTrump) December 12, 2019
The USMCA Agreement between the United States of America, the United Mexican States, and Canada is a signed but not ratified free trade agreement between Canada, Mexico, and the United States.
The USMCA and Phase 1 of a China-US trade deal should each add 0.5% to US GDP growth.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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