Chinese Vice Premier Liu He is scheduled to enter the United States on January 4, 2020 to sign a first-stage trade deal, according to unnamed sources.

"Washington sent an invitation and Beijing accepted. The Chinese delegation is expected to come to the US on weekends and will be there for a few days," an unnamed source familiar with the matter said today.

The US and Chinese governments have not confirmed the information.

US Trade Representative Robert Lighthizer said in the middle of the month that representatives of the two countries would sign a first-phase trade deal in the first week of January 2020 and Chinese Deputy Prime Minister Liu He will lead the Chinese delegation.

The signing of the agreement is seen as a sign of truce, reducing tensions caused by trade war between the two leading economies, and avoiding escalating US-China relations due to issues like Hong Kong and Xinjiang. It is also expected to boost global markets and improve gloomy predictions of economic development.

US President Donald Trump said on December 13 that Washington and Beijing had reached a first-stage trade deal, in which China agreed to increase imports of at least US $ 200 billion in US goods and services over the next two years.

In return, the US will not impose a 15% tax on US $ 160 billion of Chinese goods, which is scheduled to be implemented from December 15, while halving the tax rate from September 1 to US $ 120 billion of goods. China to 7.5%. However, the US 25% tax rate on US $ 250 billion of Chinese goods remains the same.

The White House praised the deal as a victory and said Beijing had agreed to buy large quantities of US agricultural products, helping the peasants affected by the trade war could be somewhat relieved. Additional tariffs on some US goods expected to take effect on December 15 have also been postponed.

China has not confirmed the specific terms announced by US officials. China's Ministry of Commerce said the details of the deal would be made public after the signing.

The US-China trade war lasted more than a year with "tit-for-tat" taxes, causing both economies to harm and threaten global trade growth. Conflict erupted by the United States accusing Chinese trade activities of unfairly favoring domestic businesses, forcing foreign companies to transfer technology, steal intellectual property and manipulate money.