US and China end trade war

The US and China have signed an agreement to halt the trade war that has weighed on the global economy for nearly two years. The -called phase one deal leaves in place tariffs on hundreds of billions of dollars of Chinese imports, however. The deal includes stricter rules on intellectual property in China to a pledge by Beijing to purchase at least $200bn in US goods and services over the next two years, as well as a commitment by China not to manipulate its currency.  The deal has been welcomed by Boeing. President and CEO Dave Calhoun said that the company “applauds