After a nearly 18-month trade war, President Trump has signed off on a Phase One Deal with China.

A Phase One Deal has been signed, which means that tariffs will be removed from Chinese goods, albeit in stages. Bloomberg reports that Vice Commerce Minister Wang Shouwen has announced that China will increase imports from the U.S. and other countries. This deal will ultimately halt higher tariffs that were planned for Dec. 15 and defuse the trade war that’s had a massive impact on the global economy.

This morning, Trump tweeted, “We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder. The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal. We will begin negotiations on the Phase Two Deal immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!”

For Chinese President Xi Jinping, the deal is considered positive as both countries have been looking to edge towards an agreement or some common ground.

Bloomberg quotes Vice Agriculture Minister Han Jun, who said, “Without doubt, to implement the agreement, our imports of American agricultural goods will increase significantly.”