Emma Newburger:
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- U.S. and Chinese officials announced on Friday that the U.S. and China had finally agreed to the phase one agreement after a contentious 18-month trade war.
- China agreed to billions of dollars in agricultural purchases from the U.S., while President Donald Trump vowed not to pursue a new round of tariffs set for Sunday.
- The world’s two largest economies plan to sign the partial accord in the first week of January.