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Phase One trade agreement
Also known as: US-China Phase One trade deal, Phase One trade agreement, Phase One trade deal, phase-1 trade deal January 2020
Facts (10)
Sources
U.S.-China Relations cfr.org 3 facts
claimThe 'Phase One' trade deal signed by the U.S. and China included a pledge by China to enforce intellectual property protections, though it did not address Chinese government subsidies.
claimThe United States dropped its designation of China as a currency manipulator days before the signing of the 'Phase One' trade deal.
claimPresident Donald Trump and Chinese Vice Premier Liu He signed the 'Phase One' trade deal, which relaxed some U.S. tariffs on Chinese imports and committed China to purchasing an additional $200 billion worth of American goods, including agricultural products and cars, over two years.
The U.S.-China Trade Relationship | Council on Foreign Relations cfr.org Oct 31, 2025 3 facts
accountIn 2020, the Trump administration negotiated a 'Phase One' trade agreement with China that outlined protections for U.S. trade and included commitments from the Chinese government to reform trade practices.
measurementUnder the 2020 Phase One trade agreement, the Chinese government committed to purchasing an additional $200 billion worth of U.S. goods, a commitment it failed to fulfill.
measurementThe United States exported 34 million metric tons of soybeans to China following the signing of the Phase One trade agreement in 2020.
Strategic Rivalry between United States and China swp-berlin.org 2 facts
claimOn December 25, 2019, the Global Times reported that experts dismissed negative media coverage regarding the 'Phase One' trade deal between the United States and China.
claimOn 13 December 2019, the United States and China agreed on a partial Phase One trade agreement in which both sides renounced announced increases in special tariffs.
Advancing U.S.-China Coordination amid Strategic Competition - CSIS csis.org Jan 15, 2025 1 fact
accountFormer U.S. Trade Representative Robert Lighthizer and former Chinese Vice Premier Liu He developed a personal relationship while negotiating the 'Phase One' trade deal, which was signed in January 2020.
How China is responding to escalating strategic competition with the ... brookings.edu Mar 1, 2021 1 fact
claimThe United States and China finalized a 'phase-1' trade deal in January 2020.