The U.S. and China recently signed what's being called "phase one" of a trade agreement, rolling back some tariffs on Chinese goods in exchange for China promising increased purchases of U.S. goods and services. David Dollar breaks down the details of the new deal, including China's commitments on intellectual property rights and technology transfers, whether the U.S. can increase production to meet those export goals, and the likelihood of any further concessions anytime soon. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.