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the trump administration after years of negotiating with china has finally reached a phase one trade deal, a deal treasury secretary steve mnuchin calls historic. let's take a listen. >> the china deal, which ambassador lighthouser and i have been working on for two years, we finally have completed what i consider to be a historic phase one trade agreement. >> joining me now is yahoo finance reporter can a beal. you heard steve mnuchin talking about this as a historic deal and still the dow went down. >> what we're seeing is president trump is calling this an mazing deal but wall street