President Trumps economic advisor Larry Kudlow took questions about US/China trade deal, which the President’s expected to sign momentarily. Says “the fact that it happened is historic...we pretty much got what we wanted.” #NexstarDC
In “phase 1” of ongoing trade deal, tariffs have been rolled back. There’s an expectation more will be rolled back in “phase 2”, but no details on that yet. #NexstarDC
Signing ceremony beginning for Phase One of a major trade deal between the US and #China. The East Room of the WH absolutely packed with international/domestic media. This is my amazing standing room only view of the historic deal
President Trump jokes he’s happy Kevin McCarthy @GOPLeader already left the signing ceremony to go vote in the house, says he needs members of congress to go “handle” impeachment hoax
President says China has committed to nearly $50 billion in American Ag products, $50 billion in energy and between $40-$50 billion in financial services in #USChina Trade Deal #NexstarDC
“China was one of the greats in history at doing that.” -President Trump on China’s currency manipulation. Says the US has “total, full” enforcement on currency manipulation violations #USChinaTradeDeal #USChina #NexstarDC
POTUS says phase 2 negotiations of #USChinaTradeDeal will begin immediately, following signing of phase 1. #USChina #NexstarDC
Pres. Trump says phase 2 will be the end of #ChinaTradeDeal, says there won’t be a phase 3. #USChina #USChinaTradeDeal #Nexstar
Chinese Vice Premier reads a letter, translated into English, from Xi Jinping address to President Trump -says trade deal is good for China, US, and trade around the world. #USChinaTradeDeal #USChina #NexstarDC
President Xi says in the letter he hopes the US will treat Chinese companies fairly #USChinaTradeDeal #NexstarDC
POTUS says #USChinaTradeDeal is about more than economic prosperity, also about “keeping these two giant countries in harmony” #nexstarDC
President Trump & Chinese Vice Premier Lu Hei sign Phase 1 of #USChinaTradeDeal.
China commitments over the next 2 yrs, from @USTradeRep:
-$251.9 Billion in manufactured products
-$80 Billion in farming products
-$75.6 Billion in Energy
-$212.1 Billion in Financial Services
@USTradeRep Our full story from this afternoon:
#USChinaTradeDeal #NexstarDC
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