China-US phase-one trade deal a good news for all, says top Chinese diplomat

United States and China on Friday reached a phase-one tre agreement that reduced some US tariffs on Chinese goods and vice-a-versa. phase-one tre deal will also boost Chinese purchases of American farm products and or goods. Wang Yi, Chinese government's top diplomat while speaking to media said that this is good news for global tre and will help in providing stability. 

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US-China phase-one tre deal

US President Donald Trump also ackwledged phase one tre deal and said that US would t go ahe with new round of tariffs planned for December 15. Donald Trump also said that United States will continue with phase two tre deal immediately and will t wait until 2020 presidential election. 

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China and United States are involved in a brutal tre war since 2017. Both countries have been putting tariffs on each or's products, thus affecting global tre stability. relations between two superpowers soured after Donald Trump signed a law that would put sanctions on Chinese and Hong Kong officials who are involved in ongoing pro-democracy protest in region. 

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China in return put reciprocal restrictions that would put sanctions on n-governmental American groups working in Hong Kong and also restricted US warships from docking in Hong Kong ports. US and China also put restrictions on each or's diplomats and restricted m from conducting any meeting with local authorities without permission.  

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