Trump says U.S., China have reached substantial phase-1 trade deal

WASHINGTON, Oct 11 (Reuters) - President Donald Trump said on Friday the United States and China had come to a substantial phase-1 trade deal, reaching agreement on intellectual property, financial services and big agricultural purchases.

The two sides are very close to ending their trade war and it will take up to five weeks to get the deal written, Trump said, speaking to reporters after talks with Chinese Vice Premier Liu He. 

Related: Donald Trump steps into North Korea

11 PHOTOS
Donald Trump steps into North Korea
See Gallery
Donald Trump steps into North Korea
TOPSHOT - US President Donald Trump and North Korea's leader Kim Jong-un stand on North Korean soil while walking to South Korea in the Demilitarized Zone(DMZ) on June 30, 2019, in Panmunjom, Korea. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
North Korea's leader Kim Jong Un stands with US President Donald Trump north of the Military Demarcation Line that divides North and South Korea, in the Joint Security Area (JSA) of Panmunjom in the Demilitarized zone (DMZ) on June 30, 2019. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
North Korea's leader Kim Jong Un and US President Donald Trump walk together south of the Military Demarcation Line that divides North and South Korea, after Trump briefly stepped over to the northern side, in the Joint Security Area (JSA) of Panmunjom in the Demilitarized zone (DMZ) on June 30, 2019. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Donald Trump and North Korea's leader Kim Jong-un shake hands before a meeting in the Demilitarized Zone (DMZ) on June 30, 2019. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
North Korea's leader Kim Jong Un (L) and US President Donald Trump meet on the south side of the Military Demarcation Line that divides North and South Korea, in the Joint Security Area (JSA) of Panmunjom in the Demilitarized zone (DMZ) on June 30, 2019. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Donald Trump waits at the line of demarcation for North Korea's leader Kim Jong-un in the Demilitarized Zone(DMZ) on June 30, 2019. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
TOPSHOT - US President Donald Trump and North Korea's leader Kim Jong-un talk before a meeting in the Demilitarized Zone(DMZ) on June 30, 2019, in Panmunjom, Korea. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Donald Trump and North Korea's leader Kim Jong-un talk before a meeting in the Demilitarized Zone(DMZ) on June 30, 2019, in Panmunjom, Korea. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
TOPSHOT - US President Donald Trump and North Korea's leader Kim Jong-un stand on North Korean soil while walking to South Korea in the Demilitarized Zone(DMZ) on June 30, 2019, in Panmunjom, Korea. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
US President Donald Trump leaves Freedom House before walking to the line of demarcation to meet North Korea's leader Kim Jong-un in the Demilitarized Zone(DMZ) on June 30, 2019, in Panmunjom, Korea. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
A member of North Korean security stands guard near the line of demarcation before US President Donald Trump and North Korea's leader Kim Jong-un meet in the Demilitarized Zone(DMZ) on June 30, 2019. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

 

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.