President Donald Trump said Wednesday that the United States is now in trade negotiations with "around 15 countries," including Japan and South Korea, after announcing a new trade agreement with China earlier that same day.

President Donald Trump is hailing the latest trade framework with China as a game-changing breakthrough. Yet the deal he touted Wednesday represents little more than a reset back to earlier terms — and even that came at a cost.

Investors could be starting to realize that US-China trade talks will continue to drag out, and mirror the meandering progress of the 2018-2019 dispute.