The presidential seal is seen on a podium before a signing ceremony for the U.S.-China “phase-one” trade agreement with President Donald Trump in Washington, D.C., U.S., on Wednesday, Jan. 15, 2020. Trump is poised to sign a deal with China on Wednesday that leaves significant tariffs in place and for the first time would punish Beijing if it fails to deliver on pledges related to its currency, intellectual property and the trade balance. Photographer: Zach Gibson/Bloomberg via Getty Images