Recently, China and the United States kicked off the 13th round of high-level economic and trade consultations. Chinese Vice Premier Liu He led a delegation to Washington for trade talks with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. It is worth noting that the China-Us trade negotiations have achieved good results, and the 15-month long Sino-US trade war truce is expected to...

According to Reuters, U.S. President Donald Trump said on Friday that the United States and China had reached the first phase of a substantial trade deal, agreeing on areas such as intellectual property, financial services and agricultural commodities purchases. An increase in tariffs on China that was due to take effect next Tuesday will also be put on hold.

The partial agreement, which covers some aspects of agriculture, currency and intellectual property protection, is the biggest step yet towards resolving the 15-month tariff war between the world's two largest economies. The tariff war has roiled financial markets, disrupted manufacturing and even weighed on global economic growth.

It should be noted that the representatives of the two sides did not include many details when they announced the agreement, and US President Donald Trump said it could take five weeks to put the agreed content into text.

In the presence of China's vice premier, Trump said a deal on the first phase of a trade deal with the United States had largely been reached, signaling that the end of the trade war between the two sides was not far off.

U.S. Treasury Secretary Steven Mnuchin said President Donald Trump had agreed not to go through with a planned increase in tariffs on $250 billion of Chinese goods scheduled to take effect next Tuesday that would have raised tariffs from 25 percent to 30 percent.

But U.S. Trade Representative Robert Lighthizer said Trump had not yet made a decision on the tariffs, which were scheduled to take effect in December.

'There is a lot of friction between the United States and China, and now both sides are showing goodwill to each other. That's a good thing.' 'Mr. Trump said.

'I think we're going to make a great deal that goes beyond tariffs,' Trump said of the tariffs, which are scheduled to take effect in December. U.S. President Donald Trump has said he will not settle for a partial deal to end a two-year effort to change trade, intellectual property and industrial policies with China that he says have cost millions of American jobs.

China and the United States held candid, efficient and constructive discussions on economic and trade issues of common concern under the guidance of the important consensus reached by the two heads of state, Xinhua reported early Saturday.

The two sides have made substantial progress in agriculture, intellectual property protection, exchange rates, financial services, expanding trade cooperation, technology transfer and dispute settlement. The two sides discussed follow-up consultation arrangements and agreed to work together towards a final agreement.

Science and technology, military, economy, three indispensable, only China is strong will not be everywhere, come on, Chinese people!