Mnuchin: Trump set to sign China trade agreement

(15 Jan 2020) After 18 months of economic combat, the United States and China are to take a step toward peace Wednesday. At least for now. President Donald Trump and China's chief negotiator are scheduled to sign a modest trade agreement in which the administration will ease some sanctions on China and Beijing will step up purchases of US goods. "This is an enormous achievement for the president and the economic team. This is the first time we'll have a fully binding agreement with China,"  Secretary of Treasury Steven Mnuchin told reporters Tuesday at the White House. Above all, the deal will defuse a conflict that has slowed global growth, hurt American manufacturers and weighed on China's economy. But the pact does little to force China to make the major reforms that the Trump administration has sought. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...