Chinese Vice Premier Liu He and U.S. President Donald Trump formalized a partial trade deal between the two countries in the White House on Wednesday.

The agreement cut some U.S. tariffs on Chinese goods in exchange for Chinese pledges to purchase more American farm, energy and manufactured goods.James Moore, the founder, and CEO of the Washington Institute for Business, Government and Society talked about the deal on The Heat.

Moore said, "In the not too distant future, Trump will be flying to China for the purpose of beginning to launch the second phase of discussions over all this. To be able to require the Chinese to purchase an additional 200 billion dollars worth of goods over the next two years is one heck of a healthy pace to be able to reach."

"But at the end of the day, the single greatest problem that exists between the United States and China are the systemic differences that exist between each of our countries."