Like many of U.S. President Donald Trump's deals, the one he is currently touting with China is thin on the details and thick on the hype.
Trump described his meeting Thursday with Chinese President Xi Jinping as amazing and rated it a 12 out of 10. He told reporters that China will buy "tremendous amounts" of soybeans. In a social media post, he floated the possibility of "a very large scale transaction" on oil and gas from Alaska.
But looking beyond Trump's superlatives into what the two leaders specifically agreed to do, observers see this as more of a ceasefire in the trade war between the world's two biggest economies rather than a full-fledged end to the hostilities.
The framework outlined officially by the U.S. and China really amounts to a pullback on some of the measures and retaliatory threats the two sides threw at each other since Trump returned to the White House.
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