Lutnick Says US-China Trade Truce Signed, 10 Deals Imminent

US Commerce Secretary Howard Lutnick expresses confidence that a consensus will be reached on the state and local tax deduction and says the US and China signed a trade deal two days ago. Source: Bloomberg

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

The US and China finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said, adding that the White House has imminent plans to reach agreements with a set of 10 major trading partners.