The US is getting very close to a big trade deal with China, US President Donald Trump tweeted Thursday, as the two countries negotiate the phase-one deal that aims to deescalate tariffs and increase agricultural purchases by China. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Sources told S&P Global Platts that the US and China have reached the phase one deal, first announced in October. The news comes before the December 15 deadline when the US is expected to introduce a new round of tariffs on Chinese goods worth $160 billion. However, there has been no official confirmation from China or the US yet on the developments. As part of the phase-one deal, China is expected to buy $50 billion worth of US agricultural goods. Market participants believe the Chinese government in 2020 could release more tariff-free quotas on US soybeans to […]