US President Donald Trump has finally shown the saner element by ending two years of escalating trade battles with China, with a partial agreement to resolve some areas of conflict.
“Today, we take a momentous step, one that’s never taken before with China,” that will ensure “fair and reciprocal trade,” Trump said at a White House signing ceremony.
“Together, we are righting the wrongs of the past,” said the president, who also announced he planned to visit China in the “not too distant future.”
However, tariffs will remain in place on hundreds of billions of two-way trade until the second phase of trade agreement is completed.
Trump hailed the “phase one deal” during a lengthy ceremony taking place as the Democratic-led House of Representatives prepares to prosecute the president in a historic Senate trial.