'Historic' Phase-One Trade Deal Good for U.S. and China, Kudlow Says

The transcript discusses a historic trade deal, emphasizing its economic benefits for the US, China, and the world. It highlights the cooperation between the US and China, the deal's impact on the stock market, and the importance of successful implementation of phase one for future phases. The speaker remains cautious about predicting future tariffs, stressing a step-by-step approach.

What does the speaker imply about the historical significance of the deal?

What factors does the speaker mention that could influence the success of phase two of the deal?