US EXPERTS: CHINA-US TRADE DEAL BENEFITS BOTH ECONOMIES

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Added On January 19, 2020

China and the U.S. signed a phase-one deal this week after a prolonged trade dispute.

 
U.S. experts believe this move benefits both economies and hopes the two nations will keep the momentum moving forward.
 
Pete Sepp, the president of the National Taxpayers Union, a Washington-based advocacy group says it is important that the United States and China maintain good trade relations.
 
Soundbite(English): PETE SEPP, President of the National Taxpayers Union
 
"It benefits both the economies, and it helps to build upon the progress that has been made in other areas of U.S. economic policy including the tax cuts and jobs act."
 
Sepp's remarks came as Beijing and Washington signed the much-anticipated phase-one trade deal on Wednesday.
Soundbite(English): PETE SEPP, President of the National Taxpayers Union
 
"The benefits of phase-one happen to be reducing the tension between the two countries, so that a more solid foundation for agreement can be made for future progress on trade."
 
Bryan Riley, director of NTU's Free Trade Initiative, says signing the phase-one deal is a good decision by the White House.
 
SOUNDBITE(English): BRYAN RILEY, Director of NTU'S Free Trade Initiative
 
“The Trump administration, certainly is in their interest and in all Americans’ interest to have the economy continue to grow and getting rid of this trade war I think is one of the best things they can do to achieve that goal.”
 
Both Sepp and Riley hail the trade deal as a sign that shows major economic powers can be partners and competitors rather than rivals. They called on Washington and Beijing to keep the line of communication open since there are still difficult questions that remain unsolved.