President Trump and Vice Premier of the People’s Republic of China Li He signed the first phase of a landmark trade deal Wednesday that will soothe tensions between the two nations.

China pledged to buy at least $200 billion of American goods and services in four industries over the next two years, which is a 50 percent increase over the usual amount. China commmitted to purchase $80 billion of manufactured products, $53 billion of energy, $35 billion of services, and $32 billion agricultural products.

When President Trump announced the deal, he made the suggestion to American farmers to “buy more land and get bigger tractors,” because China’s commitment of agricultural purchases is almost double what they buy from U.S. famers each year.

Food shipped from the U.S. will reach the Chinese market before they spoil because China promised to reduce its barriers.

China agreed to suspend the 25 percent tariff on American made automobiles.

The agreement also includes measures aimed to prevent intellectual property theft, and addresses U.S. concerns about the theft of pharmaceutical-related intellectual property, trademarks, and trade secrets. U.S. businesses will not longer be required to transfer their technology to Chinese businesses in order to access the market.

Chinese currency manipulation was addressed in the deal, and China committed to refrain from competitive devaluations of its currency and not to target its exchange rate for a trade advantage.

In exchange, the U.S. agreed to scrap its promised new tariffs and reduce existing tariffs from 15 percent to 7.5 percent on $120 billion of Chinese goods, which will benefit small businesses and consumers.