Chinese Vice Premier Liu He met with the press in Washington, D.C. After the historic signing of the phase one economic and trade deal between China and the United States.

After signing the agreement with U.S. President Donald Trump at the White House, Liu hailed the significance of the deal to both countries and the wider world.

Liu said the agreement benefits china, benefits the U.S., and benefits the world. The agreement is not only a trade deal, more importantly, amid global uncertainties, it brings peace to the world and brings better market perspectives,.

The signing of the agreement marks a major breakthrough after the world’s two largest economies have spent nearly two years embroiled in an often bitter trade dispute that imposed tit-for-tat levies on each other’s commodities, mechanical parts and finished goods