President Trump signed phase one of the trade deal with China along with Chinese Vice Premier Liu He. The signing marks another critical campaign promise kept by President Trump.
LIVE: POTUS Signs the Phase One Trade Agreement! https://t.co/teqGqjdgeZ
— The White House (@WhiteHouse) January 15, 2020
Many have called this a major victory for the United States and President Trump. Trump has confirmed that phase two of the negotiations will begin almost immediately.
US Trade Representative Robert Lighthizer led the negotiations for the United States and was joined by Treasury Secretary Steven Mnuchin and economic adviser Larry Kudlow.
President Trump’s economic adviser Larry Kudlow has stated that an agreement of this magnitude with China has never happened before.
Senator Joni Ernst of Iowa claimed that this is the victory that American farmers have been looking for. Trump was criticized heavily for his trade war with China, but today appears to show that it paid off.
Senator Chuck Schumer has been critical of the deal despite the text of it not being released. Trump responded:
Cryin’ Chuck Schumer just said, “The American people want a fair trial in the Senate.” True, but why didn’t Nervous Nancy and Corrupt politician Adam “Shifty” Schiff give us a fair trial in the House. It was the most lopsided & unfair basement hearing in the history of Congress!
— Donald J. Trump (@realDonaldTrump) January 14, 2020
The second phase of the trade agreement will depend on the success of phase one. according to Kudlow.
