(AP) - President Donald Trump has signed a new trade agreement with China that’s expected to boost exports from U.S. farmers and manufacturers.
The trade deal is expected to ease tensions between the world’s two biggest economies, offers big export opportunities for U.S. farms and factories and promises to do more to protect American trade secrets.
Still, the agreement leaves unresolved major differences. China is still relying on massive government intervention to turn it into a technological power.
Trump said during a White House ceremony that the the agreement is “righting the wrongs of the past." And he promoted the signing as a way of delivering economic justice for American workers.
The White House ceremony is giving the president a chance to cite progress on a top economic priority on the same day that the House prepares to vote to send articles of impeachment to the Senate for a trial.
The U.S.-China is a step toward trade peace after 18 months of economic skirmishing.
Trump and China’s chief trade negotiator signed the modest agreement, which eases some U.S. economic sanctions on China and pledges Beijing to step up purchases of American farm products and other goods.
But the “Phase 1” agreement would do little to force China to make the major economic changes such as reducing unfair subsidies for its own companies.