- China will buy 40 billion dollars of america’s agriculture products (soybean,etc)
- America will not increase the amount or expand tariffs
- However, current tariffs remain intact.

New tariffs were set to be implemented next week, which China could not afford. Their economy is heavily dependent on export, and with American companies pulling back on importing their products due to tariffs were killing them. They had to get a deal done ASAP.

Now will they agree to phase 2 and phase 3 ? And will china reestablish business with the NBA? October and November are going to be some very crucial months for Trump, China and the NBA.

Also it was reported that Wall Street Democrats stated that they would vote for Trump if Warren or Sanders win the democratic nomination ( both want extreme regulations against brokerage firms as well as a wealth tax). So I think China’s plan to play the waiting game for a new president went out the window with that.