Trade tensions between the U.S. and China have rattled markets and businesses for over a year, so any sign of progress is a big deal. But before popping the champagne, it's worth noting that past agreements have fallen apart, and the fine print here still isn’t public. If this holds, it could ease some economic uncertainty—but skepticism is understandable.

After talks in London this week, the two countries say they're largely going back to a framework they already agreed on in May.

President Trump announced that a U.S.-China trade deal is "done," signaling an end to months of tense negotiations. The agreement reportedly revives much of the framework both countries agreed to back in May, though exact details remain sparse. This comes after recent talks in London, suggesting both sides are eager to de-escalate the trade war—at least for now.