• A cancellation of the Tranche 4B tariffs that were set to take effect Dec. 15.

• A rollback of all of the existing tariffs by 50%. Lists 1-3 will be reduced from 25% to 12.5%. List 4A will be reduced from 15% to 7.5%.  
• It is not clear when these rollbacks will take effect.
• It is also not clear what China will do with the current retaliatory tariffs.

• China has agreed to additional U.S. goods purchases, including $50 billion in agriculture.

• China will also expand access to its financial services market and include language on currency and intellectual property in the deal.