The U.S. and China have reportedly reached a tentative trade agreement, just days ahead of the next installment of Section 301 (List 4B) tariffs scheduled to begin this Sunday, December 15th.

“Phase One” of the U.S. – China pact would halt the imposition of additional 15% tariffs on $160 billion in products imported from China. In return, China would agree to commit to improve intellectual property regulations, provide more openings to foreign investment in financial markets and increase its purchase of U.S. agricultural exports.

Although the deal has yet to be formally approved by President Trump, White House officials expect him to sign the agreement this evening.

Shapiro will also continue to monitor and provide status updates on our Section 301 Tariff News page as they become available.