US trade negotiator hails 'remarkable' deal with China

The US-China trade deal is "remarkable" in scope but it won't solve all the problems between the world's two biggest economies, the top US negotiator said Sunday.

"This is not just about agriculture and other purchases," US Trade Representative Robert Lighthizer said in an interview with CBS's "Face the Nation." "The way to think about this deal, is this is a first step in trying to integrate two very different systems to the benefit of both of us," he said.

The so-called phase one agreement announced Friday includes elements dealing with intellectual property protections, technology, currency and financial services.

Above all, Lighthizer said, "it's enforceable." He said the USD 50 billion in additional purchases of American agricultural products by China is spelled out in writing in the agreement.

Though the agreement is still being translated and has yet to be signed, Lighthizer insisted, "This is totally done." He would not give a precise date for the signing but said he expected .