The new preliminary trade agreement between the United States and China will be signed in the middle of next month in Washington, US President Donald Trump said on Tuesday while on vacation at his Florida estate.
"I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15," Trump tweeted moments before Wall Street was due to open.
"The ceremony will take place at the White House. High level representatives of China will be present." Trump said he would then travel to Beijing to continue negotiations "at a later date."
Vice Premier Liu He, China's lead negotiator, will visit the White House for the signing the deal that will end the 17-month long trade war between the two nations.
Though the details of the trade pact are yet to come out, it is expected that China has agreed to increase its purchases of US manufactured products, farm goods, energy and services. China will stop forcing US companies to hand over technology and trade secrets as a condition for gaining access to Chinese market.
