Trade watchers are on edge as President Trump is set to sign an initial "Phase One" trade deal with China Wednesday, even as the text of the agreement remains secret.

Businesses are concerned that the commitments from China will not be enforceable and that significant tariffs remain in place. China hawks, meanwhile, worry that the deal does little to curb Beijing's bad behavior.

Trump is expected to sign the deal Wednesday morning in a ceremony with Chinese Vice Premier Liu He. And in the run up to the signing, the White House has touted the deal as a significant achievement, pointing to promises from China to buy $40–50 billion of agricultural goods over two years, as well as billions of additional purchases. Read More