At noon on January 15, USA time, in the East Room of the White House, vice premier Liu He and US President trump jointly signed the text of the first phase of China US economic and trade agreement. 

This trade war, which lasted nearly two years, ushered in phased results. According to the Wall Street Journal, the eight part agreement will significantly increase U.S. exports of goods and services to China and further open China's market to foreign companies. 

The New York Times commented and analyzed that the agreement brought about more "temporary cease-fire" because it did not eliminate the current US $360 billion tariff on China's imported goods. 

However, it is a very good progress for both sides to build trust as negotiating partners and respect each other's red line. Affected by the agreement, U.S. stocks rose across the board, with the Dow and S & P 500 reaching a new closing high on the same day. With the "first stage" agreement reached, experts believe that the RMB exchange rate will fluctuate between 6.7-6.9. Whether there will be further appreciation depends on the pace of the US side's cancellation of the additional tariff on China.

Hope all the world live peacefully and harmoniously to make a better world.