U.S.-China Business Council: "phase one" beneficial to both sides

China and the U.S. are expected to sign a "phase one" trade agreement this week at the White House. 

Analysts see this as progress towards resolving the trade war dispute. 

Craig Allen, President of the U.S.-China Business Council says this agreement is beneficial for both sides.


Allen says intellectual property rights, financial services and agriculture are three key sectors that will benefit from a trade deal.

Although Allen notes several benefits, there are some potential risks to the deal.

The partial trade deal is expected to nearly double U.S. exports to China over the next two years. Allen says that might be a challenging goal to meet. 

How will these exports be shipped? Will it impact either nation’s relationship with other markets? 


Allen points out, the sooner tariffs are gone, the better it is for everyone involved.