The world's financial markets started to show signs of relief after the news.Investors liked the idea of a multi-year contract because it could bring stability, especially when trade has been hard to come by because of tensions between countries.

Analysts said that even if the market didn't change much, the deal might make companies feel safer and get people to think about investing for the long term.

Business owners in both countries, especially those in manufacturing, technology, and agriculture, believe that the new deal will help clear up some of the confusion.Over the past five years, changes in tariffs and rules have made it harder for plans to export and supply chains to work.

Now that businesses know what will happen in the next three years, they can make better plans.

Experts all agree that the deal is a big step in the right direction, but there are still issues that need to be worked out.For the deal to work, both countries need to keep their promises and talk to each other often. Economists will be very interested in how the agreement changes trade balances, investment flows, and the big picture of international relations.

The trade and economic agreement between the U.S. and China for three years gives us a cautiously hopeful view of how things will go between the two countries for now.