Many moons ago, Donald Trump boldly proclaimed that “trade wars are good, and easy to win.” That statement was obviously absurd at the time and 22 months later, the assessment still stands considering what the U.S. economy, consumers, and companies had to go through to get today’s “phase one” trade deal with China—which accomplishes almost none of the things that the administration insisted a long, protracted trade war would extract.

Trump, of course, has described the deal as a historic achievement the likes of which the world has never seen. “Today we take a momentous step, one that has never been taken before with China toward a future of fair and reciprocal trade with China,” he said at a ceremony at the White House. “Together we are righting the wrongs of the past.” And, to be fair, the U.S. did get a few things out of Beijing, like an agreement to purchase roughly $200 billion in U.S. goods over a two-year period, some concessions on intellectual property, and access to financial services, and a pledge to stop the practice of forcing foreign companies to turn over their technology. As is typically the case with any of Trump’s branding exercises, though, it’s not enough to trust him when he claims to have struck the most important, significant deal ever.

For one thing, as the New York Times notes, just 16% of the $200 billion in purchases will be of goods produced by farmers, who were hit extremely hard by the trade war (banks, the energy industry, and drug companies are major beneficiaries), and whose recovery won’t happen overnight. For another, as Vox’s Jen Kirby points out, China desperately needs agricultural products like soybeans and pork, so it was already prepared to buy such items, and might have done so anyway. And there’s the question of whether U.S. farmers can even produce the amount China says it will purchase, which some experts believe may not be achievable.

While the U.S. has halted additional tariffs on Chinese goods that were scheduled to go into effect in December 2019 and will halve tariffs on $110 billion in goods announced last September, duties will remain on approximately $360 billion in Chinese goods, which of course U.S. companies and consumers will continue to pay for. In addition, China refused demands to include a clause promising not to hack American firms and will continue to heavily subsidize many of its state-run and private companies, a major point of contention that Trump cited as recently as September as a reason to reject a proposed deal. Despite the administration’s claims, what was agreed on today is not exactly a lot to write home about, particularly considering the carnage Trump has caused over the last two years in order to get it. Per the New York Times: