THE GUARDIAN – 12/31/2019: The time to sign the USA-China trade deal is upon us. According to the 45th US President, Donald Trump, he will sign the agreement on January 15th. This move is expected to relieve the tensions between the two countries and end the tariff war. Such a deal between two of the world’s most influential nations will benefit the world as a whole.
POTUS tweeted on Tuesday that highly-ranked Chinese officials will be present at White House for the signing. He also added that he personally would travel to China to sort out the details of the second phase of this trade deal.
In his tweet, Donald Trump said that a ‘very large and comprehensive,’ part of the deal would be signed on January 15th.
The deal was initially announced on December 13th. Thanks to this deal, the tariff on Chinese products such as smartphones and toys will be revoked. The Chinese side will, in return, buy more of the US farming products. They will also work on improving their relation towards intellectual property. At the moment, the agreement has 86 pages, but most of its content wasn’t revealed to the public.
According to Robert Lighthizer, the US trade representative, the details of the trade deal will be revealed when he and Chinese vice-premier Liu He sign the agreement. Thanks to this deal, it is expected for the stock market to grow as even the talk about it created a rise. In the past, when tensions between the two countries started both of their stock values dropped.
I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!
— Donald J. Trump (@realDonaldTrump) 31 December 2019
The entire world is looking forward to ending tension between these two global superpowers. The tariffs both countries put on other products caused the world’s economy to lower the trade volumes. All of this reduced business investments on a worldwide level. Now that the deal is almost completed, we can look forward to another economic growth of both countries and the world as a whole.