
There was a famous moment early in the second Gulf War where President George W. Bush stood on the deck of a Navy ship with a famous “Mission Accomplished” banner behind him. That was a premature celebration back in 2003 given the many years of difficulty that followed before the US packed up their bags.
So yes, the news of tariff deals quickly coming together with China is reason for some excitement. Directionally it does point to things going in a more positive direction. But it is hard to waive the Mission Accomplished banner with confidence at this stage.