It’s Day One of the new Trump Administration. As the new president takes the oath of office in the Capitol rotunda shortly after midday, one person will likely be pleased with how things are going so far: Xi Jinping, president of China. That’s for three reasons:

In 2017, weeks after Donald Trump’s first presidential election victory, Xi Jinping became the first Chinese head of state to address the World Economic Forum in Davos, Switzerland — winning applause as he inveighed against protectionism and declared that a trade war would hurt both sides.

Donald Trump’s criticism of China on the campaign trail and after his election had raised the specter that Day 1 of his second presidency would reignite a trade war between the world’s two largest economies.