Take Five: What's the deal?

LONDON (Reuters) - 1/AFTER PHASE ONE COMES PHASE TWOU.S. President Donald Trump and Chinese officials have agreed to a "phase one" trade deal that includes cutting U.S. tariffs on Chinese goods.Washington has agreed to suspend tariffs on $160 billion in Chinese goods due to go into effect on Dec. 15, Trump said, and cut existing tariffs to 7.5%.The agreement covers intellectual property, technology transfer, agriculture, financial services, currency, and foreign exchange, according to..