– U.S. President Donald Trump called his Phase 1 trade deal with China “by far, the greatest and biggest deal ever made,” even though nothing was agreed on paper, and most of the tariffs set upon Chinese goods remain in place. While he lauded China for agreeing to buy as much as $50 billion in agricultural products, he left tariffs in place on hundreds of billions of dollars of Chinese products, raising concerns that tariffs will become the “new normal.” (Reuters)