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U.S., China Reassures Commitment for Phase 1 Trade Deal over a Call

Robert Lighthizer Steven Mnuchin Liu He Usa China
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Top trade officials from the U.S. and Chinese reassured their commitment to the Phase 1 trade deal. The deal in the past has witnessed China lagging on its obligations to purchase American goods, offering much-required relief to skeptical markets on Tuesday.The pledge was taken in a phone call between U.S.

Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin, and Chinese Vice Premier Liu He. It was their first formal dialogue since early May and happened amid surging concerns for the deal.

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