What were some of the terms of the Phase One trade deal signed between the US and China China agreed to drop all of their tariffs on imported American goods The US agreed to drop all of our tariffs on imported Chinese goods China agreed to address unfair trade practices such as Intellectual Property theft The US agreed to devalue the Chinese currency Question 22 3.3 pts If the Fed decided to decrease the Federal Funds Rate, (*the overnight rate that they lend to other banks) This means they are attempting to... Decrease the supply of money Slow the economy because inflation is escalating React to the trade war with China and restrict imports O Increase the supply of money