Trump Announces Partial China Trade Deal

Trade talk optimists were given a shot in the arm on Friday when President Donald Trump announced that he and Chinese VIce Premier Liu He had made substantial progress in trade negotiations and had completed "phase 1" of a larger trade deal. As usual, it seems as though Trump is way overestimating the significance of what has transpired and it doesn't give me much hope that an end to the trade war will come anytime soon.