US-China Trade deal: GK, Current Affairs, Questions, Trivia and News

Global defence spending up by 4% in 2019

London-based research institute, the International Institute for Strategic Studies (IISS) recently released its annual “Military Balance” report. It stated that Global spending on defence increased by four percent in 2019 and it is the largest growth in 10 years. The increase is led by huge increases from the US and China. It also revealed that ..

Phase I of Trade Deal Signed between US and China

After 18 months of barbs and sanctions, the two economic powerhouses of the world, the United States and China have signed the Phase I of the trade deal on Wednesday, 15th January 2020 that have bought a long-anticipated relief for manufacturers of both the countries and to the rising economic slowdown globally. The agreement which ..

US drops Currency Manipulation Charge against China ahead of Trade Deal

According to the semi-annual report on Macroeconomics and Foreign Exchange Policies published by the United States Treasury Department on Monday 13th January 2020, United States has dropped its charges of designating China as a currency manipulator as no major US trading partner was reported as currency manipulator in the report which came less than 48 ..

Chinese Delegation on its way to the US to sign Trade Deal

To sign phase one of the US-China trade deal, on Monday, 13th January 2020 a Chinese delegation led by the Vice Premier of China, Liu He, who headed the Chinese negotiation team during the US-China trade talks embarked on a visit to Washington were the long-awaited deal is scheduled to be signed between the President ..