While the new deal with China lowers some trade barriers, it leaves many tariffs in place. And it dictates that China buy more from the U.S., but that has other trading partners worried.
When it comes to trade, Trump and the Democrats sound a lot alike. "It's like Donald Trump has co-opted Democratic trade policy," one analyst says. So how do his opponents differentiate themselves?
President Trump recently tweeted that American companies would be better off without China. But many American companies earn a significant portion of their profits there.
The U.S. agreed to lift tariffs on imported tomatoes from Mexico. But importers warn that stepped-up inspections could still create bottlenecks, limiting supplies and raising produce prices.
Retailers predict rising prices if President Trump goes through with his threat to add new tariffs to Chinese imports. Meanwhile, the White House announced a deal to boost beef exports.
The White House called the brief talks in Shanghai this week between top U.S. and Chinese officials "constructive" and said negotiations are expected to pick up again in early September.
U.S. trade negotiators are heading to Shanghai for talks with their Chinese counterparts this week, but there appears to be little pressure for a settlement in the year-old conflict.