A "phase one" US-China trade deal was "very positive" for global economic growth

DOHA-U.S. Treasury Secretary Steven Mnuchin said a "phase one" US-China trade deal on Saturday was "very positive" for global economic growth, adding that the second phase could come in several phases.

On Friday, the United States and China cooled their trade war, announcing a "phase one" deal that would reduce some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purc....