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He said, while many are focusing on China’s agriculture purchases, the deal will benefit four major U.S. industries:
“The manufacturing sector is supposed to be getting a nice shot in the arm,” Kehoe told FOX Business’ David Asman. “And I think everyone's gonna benefit from this.”
Agriculture "got a lot of publicity because China really was focusing on it with the swine flu,” he said. “In fact, [agriculture] is probably the smallest of the four silos.”
In December, Beijing agreed to purchase $200 billion worth of U.S. goods over the next two years. Trump has touted the prospect of China buying $40 billion to $50 billion on American agricultural products.
Trump and Chinese Vice Premier Liu He plan to sign a phase one trade agreement of a U.S. trade deal on Wednesday, after nearly 18 months of a simmering tariff war.
FOX Business' Audrey Conklin contributed to this article.