In the News: Partial Trade Deal Agreed; U.S. Blacklists Chinese Tech Firms; and CSRC Releases Timetable Removing Foreign Ownership Caps

October 14, 2019 | BY

Vincent Chow

Concessions from both sides in limited China-U.S. phase one trade deal; Chinese tech firms and security bureaus blacklisted over human rights accusations; and caps on foreign fund managers in China to be removed in April

China, U.S. agree limited "phase one" trade deal

The United States is shelving new tariffs against Chinese imports after two days of trade talks with China in the latest round of negotiations in the ongoing trade war. In return, China will buy $40 billion to $50 billion worth of U.S. agricultural products, U.S. President Donald Trump said, although China is yet to confirm that publicly. A comprehensive trade deal is still to be agreed, but the latest talks in Washington, D.C., did result in a limited trade deal with a plan laid out for further negotiations.

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