US and China sign trade deal that will "bring tremendous benefits" to both After nearly two years of conflict between the world's two dominant economic powers, the United States and China sign phase one of a trade truce in the East Room of the White House. "Our efforts have yielded a transformative deal that will bring tremendous benefits to both countries" says US President Donald Trump. The Chinese Vice Premier Liu He hails the deal as a step closer to "win-win cooperation." COMPLETES VIDI1NQ6T4. IMAGES AND SOUNDBITES