U.S., China reach "phase one" trade deal to tamp down tension

The United States said Friday it has reached a "phase one" trade deal with China, agreeing to suspend a planned tariff hike on Chinese goods in exchange for Beijing offering to make large agricultural purchases and seeing progress on intellectual property protection.The move represents a letup in a protracted tit-for-tat tariff war that has cast a shadow over the world economy, but the United States said talks for a broader deal would continue as it pushes to reduce its trade deficit with China and rectify what it sees as unfair trade practices such as forced technology transfers."We've com…READ FULL ARTICLE