This story was originally published in the October 14 edition of CNN's Meanwhile in America, the daily email about US politics for global readers. Sign up here to receive it every weekday morning.

Washington, DC (CNN) Finally, some good news. China and the United States seem to have stepped back from the brink with a trade war truce.

A deal reached last week could boost markets, cool Pacific tensions and perhaps offer a respite to the wobbling global economy -- if it actually happens. Trump and Chinese President Xi Jinping have not yet signed it, and no draft has been released.

While Chinese state media was rather circumspect about the whole thing, Trump announced the deal in a tweet that seemed ripped from a 1970s Radio Moscow script: "The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country," he wrote. He claims China has already started tens of billions of dollars in purchases of US agricultural produce.

But wait to read the fine print before popping open the baijiu. The President has hardly lived up to "Art of the Deal" self-mythologizing, and tends to over-sell such agreements.

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