Explained: What is the ‘Phase One’ agreement that the US and China have just signed?

A statement issued by the office of the United States Trade Representative (USTR) said that the US will be maintaining 25 per cent tariffs on approximately $250 billion of Chinese imports, along with 7.5 per cent tariffs on approximately $120 billion of Chinese imports.

from News Explained: Indian Express Expert Opinion, Expert Opinion on Social Issues | The Indian Express
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