Trade War

China is a cash cow market for America's biggest companies.

The signing of the phase one deal de-escalates the more than 22-month long trade war.

U.S. sources have told FOX Business the additional purchases will total $205 billion to $210 billion over two years.

President Trump and China's chief negotiator, Liu He, are scheduled to sign a modest trade pact Wednesday

The U.S. imposed a 25 percent duty on Scotch whiskey and liqueurs in October.

According to the Farm Bureau, Wisconsin farmers can use relief from the trade wars.

Although agriculture has been getting the most attention, these other three sectors will benefit from China deal, USDA trade adviser Tom Kehoe said.

"This is a great win for American business and American farmers," U.S. Treasury Secretary Steven Mnuchin said.

As the U.S. and China prepare to sign the phase one trade deal, Chinese officials are appealing to American companies for their business, FOX Business' Edward Lawrence reported.