Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. China Applauds Trade Deal With US But Says 'Core Concerns' Must Still Be Addressed VOA News The Chinese government is applauding an interim trade agreement with the United States but cautions the two countries must still address key issues of mutual concern. U.S. President Donald Trump and Chinese Vice Premier Liu He signed the deal Wednesday to resolve what had been an escalating 18-month trade dispute between the world's largest economies. "The Phase 1 economic and trade agreement reached between China and the United States is beneficial to both China and the United States, and it is also beneficial to the whole world," Chinese Foreign Ministry spokesman Geng Shuang said at a news conference Thursday in Beijing. Geng said the deal "demonstrates once again that China and the United States are capable of finding appropriate approaches and effective solutions through dialogue and consultation on the basis of equality and mutual respect" and that it is imperative the two countries "take care of each other's core concerns." Geng did not provide details about issues of concern but Beijing has said it wants tariffs imposed earlier on most of China's exports to the U.S. to be lifted. Trump tweeted early Thursday the pact is "One of the greatest trade deals ever made!" and that it is "Also good for China and our long term relationship." One of the greatest trade deals ever made! Also good for China and our long term relationship. 250 Billion Dollars will be coming back to our Country, and we are now in a great position for a Phase Two start. There has never been anything like this in U.S. history! USMCA NEXT! -- Donald J. Trump (@realDonaldTrump) [1]January 16, 2020 At Wednesday's White House signing ceremony, Vice Premier Liu read a letter from Chinese President Xi Jinping, which said, "In the next step the two sides need to implement the agreement in earnest." WATCH: Related video by VOA's Patsy Widakuswara: References 1. https://twitter.com/realDonaldTrump/status/1217804029599920128?ref_src=twsrc%5Etfw .