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US, China sign 'momentous' trade deal

Chinese Vice Premier Liu He said the agreement he signed with Donald Trump 'considerably addressed the concerns of both sides' [AFP / SAUL LOEB]

The United States and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place.

The "phase one" deal is also a boon for Donald Trump as he faces an impeachment trial and a tough re-election fight this year, with the US president hailing the agreement as "momentous".

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