The United States and China have reached a partial trade agreement on Friday, according to multiple reports, with President Donald Trump reportedly calling it a “substantial deal” that serves as a temporary truce to a more-than-yearlong financial dispute. Following a scheduled meeting with Chinese Vice Premier Liu He, the U.S. leader said that the world’s two largest economies have agreed to a “phase one” deal that includes China’s purchase of $40 billion to $50 billion worth of American agricultural products as well as guidelines on intellectual property, The New York Times reports. It also puts a pause to Trump’s planned tariff increase on Oct. 15, which would’ve boosted to 30% the existing duty of 25% already in place on $250 billion worth of Chinese goods, per NYT. The limited agreement is said to lay the groundwork for a comprehensive deal that Trump and Chinese president Xi Jinping could sign in mid-November when they meet on the sidelines of the Asia-Pacific Economic Cooperation leaders’ summit. Early in the day, Trump took to Twitter to share optimism regarding the status of trade talks with Chinese officials. “Good things are happening at China Trade Talk Meeting,” he ...