Trade War

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.

Unlike the U.S.-Mexico-Canada Agreement, Trump can sign the executive agreement and then avoid an extended congressional approval process.

Top trade officials from the United States, Japan and the European Union will huddle in Washington on Tuesday to address non-market-oriented trade policies and subsidies by China, a day before Washington and Beijing finalize a preliminary trade deal.

"This is something that we'll have to monitor," United States trade representative Robert Lighthizer said in regards to China's intellectual theft.

JPMorgan Chase chairman and CEO Jamie Dimon sat down with FOX Business' Maria Bartiromo, saying "it's good they are doing this trade deal."