The narrow trade deal requiring little from China makes them the big winner. Given China's insistence that structural reforms remain "off the table" a so-called narrow deal, with punitive tariffs eliminated in return for greater Chinese purchases of soybeans and LNG amounts to a total victory for Beijing.
Remember nothing is yet carved in stone but after the latest "positive statements" were made it is beginning to give us a glimpse of where things are headed. Given China needs both these products they are by far the big winners in these talks. More on this subject in the article below.