On Wednesday, January 15, the President of the United States and Vice-Premier of China Liu He signed the “Phase 1” of an agreement supposed to end the trade war between the two countries. Donald Trump immediately spoke of a deal “historical”, but on the side of the American press, the reactions are much less enthusiastic.
This is arguably one of the most important files of his presidential term. A question on which voters will measure Donald Trump’s ability to keep his promises. Since taking office in January 2017, the tenant of the White House has repeatedly stated that he wants to rebalance trade relations with China, and to do this, he did not hesitate to launch a real trade war with the giant Asian.
But on Wednesday January 15, US President and Deputy Prime Minister of China Liu He signed “Phase 1” of a Sino-US trade deal supposed to end the showdown between the world’s top two economic powers.
“A step towards a future of fair and reciprocal trade”
And faced with this result, the President of the United States did not hide his enthusiasm, as pointed out The New York Times. “The Trump administration hailed this deal with triumphant speeches, points out the American daily newspaper. The President spoke of a historic milestone that had never been reached. A step towards a future of fair and reciprocal trade “.”
If the American president was so satisfied, it is because – through this agreement – “China has committed to purchase $ 200 billion in additional US goods and services by 2021 and is expected to reduce some of the tariffs it has imposed on American products”, explains the New York newspaper.
In detail, specifies The Wall Street Journal