U.S., China Sign Deal Easing Trade Tensions

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U.S., China Sign Deal Easing Trade Tensions
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The U.S. and China signed the first phase of a trade deal that aims to increase sales of U.S. goods and services and better protect intellectual property

WASHINGTON—The U.S. and China signed a landmark deal to sharply increase sales of U.S. goods and services to China and help companies operating in China by better protecting their intellectual property and opening further Chinese markets, especially in financial services.

The eight-part agreement acts as a cease-fire in a two-year trade war that has roiled markets globally and cut into global growth. As a condition of Beijing signing the deal, the U.S. agreed to cut tariffs on $120 billion in Chinese goods by half to 7.5%...

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