"If there is any surprise from the Phase 1 deal. that may actually cause some kind of volatility", said Tommy Xie, economist and head of greater China research at OCBC in Singapore.
The deal will boost USA agricultural commodity shipments to China in exchange for the White House cutting back on some of the existing tariffs on Chinese goods.
The twice-yearly Strategic Economic Dialogue began under former President George W. Bush as a way for the world's two largest economic powers to manage the growing array of issues that arose between them as China's economy and its exports to the USA expanded rapidly in the early 2000s.
In an interview to ABC News, he said, "It is USD 200 billion of additional products across the board over the next two years, and, specifically, in agriculture, USD 40 billion to USD 50 billion".
China's commitments in the Phase 1 trade deal with the United States were not changed during a lengthy translation process and will be released this week as the document is signed in Washington, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
"Implementation of Phase 1 will be important to building trust and certainty, building off the success of the negotiation", said Brilliant, who said he had been briefed on the text of the accord but not seen it.
Markets.com's Neil Wilson said: "The US-China trade deal is the focal point". According to Mr. Mnuchin, there are very important intellectual property rules in the deal that the USA expects the Chinese to adhere to.
"There are cyber concerns that we do have".
But while the Phase One accord "stops the bleeding", he said. "So, we have made very clear there can be no forced technology transfer and that China is putting out laws to protect both USA technology and other technology", he added.
The two sides have been embroiled in a trade war for well over a year, with the use of import tariffs by both sides upending global supply chains and dealing a blow to business confidence. Both countries imposed billions of dollars of tariffs on the other country's products.
But the United States has left in place tariffs on $370-billion worth of Chinese imports and negotiations for a Phase Two deal will probably touch on more hard issues, including Chinese subsidies for state-owned firms and industrial policies perceived to be creating an uneven playing field.
Trade in services with China (exports and imports) totalled an estimated $75 billion in 2017.