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  • About
    • Our Mission
    • Who We Are
    • Photo Gallery
    • Partner Organizations
    • Donate
  • Membership
    • Membership Levels
    • Membership Benefits
    • Member List
    • WTCA Network
    • Become a Member
  • Services
    • Export Finance Assistance
    • International Trade Counseling
    • Educational and Networking Opportunities
  • Programs
    • Selling to the World
    • Initiatives >
      • Making Global Local
      • Partnering with Educational Institutions
    • Programs >
      • Driving Economic Growth & Jobs Through Exports
      • Export Revenue Assistance Program
      • Ameri-Business Partner Search
    • Signature Events >
      • Bringing the World to PA
      • Global Business Conference
      • World Trade Centers Day
    • Clubs >
      • China Club
      • IDEC
  • Events
    • About Trade Missions
    • February 13-17, 2023​: Trade Mission to South Africa and Kenya
    • March 20-29, 2023: Trade Mission to Australia & New Zealand
    • April 23-28, 2023: WTCA 53RD GENERAL ASSEMBLY​
    • May 8-12, 2023: Trade Mission to Poland and Hungary
    • June 5-9, 2023: GSGP Trade Mission to Brazil and Chile
  • News
    • News
    • Member Success and Feature Stories
  • Member Connect
  • Contact

Trade News & Views

US-China Trade Deal Update

12/17/2019

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by Chris Sevcik, Director of International Trade Services
The United States and China have agreed to move forward with the phase one trade deal. As both sides continue to negotiate the final details of phase one, no new tariffs will be implemented. The deal is expected to be signed by both parties in January.

The postponement of the tariffs was expected by most observers. Neither side wanted to implement the newest round of tariffs as it would impact virtually every product made in China including electronics and toys during the Christmas buying season in the United States. Businesses on both sides of the Pacific are eager to see a signed trade deal in the near future and welcome the postponement of tariffs.

Key points of the phase one trade deal include: a reduction of existing tariffs, increase agriculture sales to China and discussing enforcement of intellectual property. Keen on coming to an agreement soon, China and the United States are working on addressing these matters in preparation for a final signing in January. We will be posting updates as this story develops.
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