https://www.foxbusiness.com/markets/stocks-jumping-on-trade-optimism Stocks slid off their best levels of the session on Friday after the U.S. and China agreed to a "phase one deal" in the trade war, but still managed to post strong gains. The deal, which has been agreed to in principle and will take three to five weeks to write, includes China agreeing to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion, in addition to making reforms on intellectual property and financial services. The U.S. will not be raising tariffs from 25 percent to 30 percent on Oct. 15. A decision has not yet been made on the tariff increase scheduled for Dec. 15. A comprehensive trade deal will have two or three phases, according to Trump. China's trade team is calling the agreement a "pause" in the trade war, and not a deal.