Economy US and China tiptoe around holes in new trade agreement Updated : January 16, 2020 07:06 AM IST Beijing and Washington touted the “Phase 1” agreement as a step forward after months of start-and-stop talks. The deal fails to address structural economic issues that led to the trade conflict. President Donald Trump hailed the agreement as a win for the US economy and his administration’s trade policies. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.