Trump views the signing of two major trade deals — an updated pact with Mexico and Canada and Phase 1 of a China agreement — as signature achievements of his presidency. U.S. and China signed Phase 1 in January, less than two months before the pandemic put an enormous strain on U.S.-China relations. Trump says Phase 1 led to China buying roughly $200 billion over two years in U.S. agricultural products, energy and other American products. In return, the U.S. canceled planned U.S. tariffs on Chinese-made smartphones, toys and laptop computers. The U.S. also cut in half, to 7.5%, the tariff rate levied on $120 billion in other China imports.