here are some of the details
https://www.zerohedge.com/markets/stocks-tick-higher-trump-liu-announce-substantial-phase-1-deal
this is part of the reason the market sold off
Sven Henrich
@NorthmanTrader
We have no agreement.
We have nothing in writing.
We have agreed to discuss a process on how to consult during which we will discuss what to agree upon.
Now get ready for phase 2 and meeting #14.
Trade wars are easy, didn’t I tell you?
From the zero hedge article:
“During the ensuing press conference, Treasury Secretary Steven Mnuchin revealed that Washington would delay tariff hikes that were scheduled for next week (However, Trade Rep Robert Lighthizer said Trump hasn’t made up his mind about the hike set for Dec. 15).”
So the tariff hikes could still happen.