“This is an incredible deal for the United States, after all, it is a great agreement for both countries, it will also lead to an even more stable world everywhere,” he said at the White House at the signing ceremony.

The American leader expressed confidence that the trade deal between the USA and China will also contribute to a certain stabilization of international relations.

According to Trump, the deal imposes restrictions on the depreciation of the renminbi.

“In the framework of the transaction, the devaluation of (Chinese. - RT ) currency will have certain severe restrictions,” the president emphasized.

He also noted that the United States will cancel duties on goods from China only after the parties have developed a second part of the trade agreement.

Earlier, US Vice President Mike Pence said that the signing of the agreement on the first phase of the trade transaction opens a new chapter in relations between the United States and China.