As expected, the two countries have signed a deal that will lessen trade tension between them but will also leave significant tariffs in place on Chinese-made sporting goods, at least for the foreseeable future while they begin negotiating the Phase Two deal that will attempt to tackle the thornier issue of China’s state support for key industries. Treasury Secretary Steven Mnuchin reiterated that Phase Two could come in several stages as the U.S. gradually lifts tariffs in return for progress on its key priorities. But the U.S. is equally adamant that it must keep some tariffs in place to ensure ... Log in to view full article.