U.S., China look to reset trade relations with signing of Phase 1 deal

WASHINGTON (Reuters) - U.S. President Donald Trump and Chinese Vice Premier Liu He will sign an initial trade deal on Wednesday that will roll back some tariffs and see China boost purchases of U.S. goods and services, defusing an 18-month conflict between the world's two largest economies.Liu said the two sides will work more closely together to obtain tangible results and achieve a win-win relationship despite differences in their political and economic models, China's official Xinhua news..