October 11, 2019 / 7:56 PM / a month ago

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

FILE PHOTO - U.S. President Donald Trump speaks to reporters as he departs for travel to Minnesota from the South Lawn of the White House in Washington, U.S., October 10, 2019. REUTERS/Jonathan Ernst

WASHINGTON (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.

Reporting by Jeff Mason; Editing by Mohammad Zargham and Leslie Adler

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