The US and China have not reached a trade "deal;" this was "step one."
Trump agreed to not initiate tariffs that were supposed to start on December 15. You know, the tariffs originally set to go into effect in August but he had already delayed those "just in case some of the tariffs would have an impact on US customers" in the Christmas season. In other words, he backed down when someone finally got through to him that those tariffs would hurt US consumers and his reelection chances.
China's stuff never stopped pouring over to the US and on to ebay.
From the WSJ:
As part of the deal, the U.S. canceled plans to impose fresh tariffs on $156 billion in annual imports of Chinese-made goods—including smartphones, toys and consumer electronics—that were set to go into effect Sunday. The U.S. will also slash the tariff rate in half on roughly $120 billion of goods affected on Sept. 1, from 15% to 7.5%.
U.S. tariffs of 25% would remain on roughly $250 billion in Chinese goods, including machinery, electronics and furniture. In exchange, officials in Washington said China agreed to increase American agricultural purchases by $32 billion over previous levels over the next two years.
