Nope:

They basically just agreed to start talking. The pattern so far with the Trump administration is that they announce huge deals and breakthroughs and the country they're negotiating with says it's not that far along yet. You see it with Russia and Iran.

President Deals: "I got a deal with China.

China: "There is no deal."

President Deals: "I got a deal with China and hundreds of other deals. Plus millions of different deals. So many that even though the China deal is good - and it is good - doesn't matter. Many-many-many deals. Billions and billions and billions and billions of deals. Could be trillions - maybe."

I think Trump doesn't even have the ability to negotiate a real trade deal without congressional approval. His only bargaining power is reducing the tariffs he placed and he doesn't want to do that. He had said on truthsocial that he wants the tariff on China to be 80%. Trump administration is admitting now that the tariffs are equal to the trade deficit. He wants China to buy more US-made-trash before he agrees to reduce the tariffs.

The entire meeting was probably US officials trying to sell shit to China like a Timeshare Presentation.

Mike Greer in the whitehouse image says "Just remember why we're here in the first place -- the United States has a massive $1.2 trillion trade deficit, so the president declared a national emergency and imposed tariffs"

Trump's administration is now just dropping the pretense? When Trump first announced the tariffs on every country, he came out with that tacky board which was labeled the trade deficit as "Tariffs Charged to the US". Then they posted that convoluted math formula which amounted to be trade deficit multiplied by 1. Now they're pretending that they were saying "trade deficit" all along.

Ok, so the tariffs aren't being lifted. But for each shipping container, you get some cupcakes in return!