Trump and Xi Jinping, "Expecting Phase 2 Trade Agreement Following Phase 1" in Unison

[Asia Economy New York=Correspondent Baek Jong-min] U.S. President Donald Trump expressed satisfaction with the Phase One trade agreement and stated that tariffs imposed on China would be immediately removed once Phase Two trade negotiations are concluded. Chinese President Xi Jinping also showed his determination to fully implement the trade agreement.

[Image source=EPA Yonhap News]

On the 15th (local time), President Trump attended the signing ceremony of the Phase One U.S.-China trade agreement held at the White House and mentioned that Phase Two negotiations would begin immediately, outlining the direction of future talks.

President Trump said, "We do not anticipate Phase Three negotiations. I hope that the Phase Two negotiations will bring the U.S.-China trade dispute to a close." However, he added, "tariffs will be maintained until the conclusion of Phase Two negotiations." This plan is to maintain tariffs to sustain negotiation momentum.

President Trump evaluated that "the Phase One agreement corrected past mistakes and provided economic justice and a secure future for American workers, farmers, and families." He further stated that "this agreement will lead the entire world to a much more stable peace."

President Xi, through a letter read by Vice Premier Liu He, said, "Both sides of the U.S. and China must implement the trade agreement to achieve greater progress through mutual cooperation."

President Xi welcomed the Phase One agreement and also expressed hope for the Phase Two agreement. He emphasized, "In the next phase, both sides must genuinely implement the agreement and maximize its positive impact."

This content was produced with the assistance of AI translation services.