The pacts are also drawing comparisons to the Phase One trade deal reached during President Donald Trump’s first term. Analysts expect the investment pledges to go the way of the agricultural purchases China promised and never delivered upon, especially as the vows don’t appear to be legally binding.

U.S. Trade Representative Jamieson Greer joins Morning Joe from Stockholm following President Trump’s new EU trade deal. Greer calls the agreement a “structural change” in favor of the U.S., says tensions with Europe are easing,