Donald Trump and China sign historic first phase of new trade deal

President Trump and Chinese Vice Premier Liu He signed an initial trade deal on Wednesday that will roll back some tariffs and see China boost purchases of US goods and services, defusing an 18-month conflict between the world’s two largest economies.

“This is a very important and remarkable occasion. Today, we take a momentous step, one that has never been taken before with China, toward a future with a fair and reciprocal trade as we sign Phase 1 of the historic trade deal between the United States and China,” the president said at the White House, flanked by top administration officials.