Here’s what’s in the U.S.-China trade deal



Doug Palmer | Politico

The U.S.-China trade deal that President Donald Trump and China’s Vice Premier Liu He signed on Wednesday provides an escape clause for either country to withdraw if a dispute cannot be resolved through high-level talks. That’s one of the many details tucked in the 86-page agreement. Here are some other highlights of the pact:

Consumers and businesses will still pay costly tariffs

The United States will maintain 25 percent duties on roughly $250 billion worth of Chinese goods used mainly by manufacturers to make finished products in the United States. It will also keep a 7.5 percent tariff on another $120 billion worth of mostly consumer goods like jackets, gloves, footwear and flat panel electronic displays — although those were rolled back from 15 percent.

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