U.S. stock index futures were higher Thursday morning ahead of another batch of corporate earnings.

Posted on January 16, 2020

U.S. equities gave up most of their gains Wednesday, after a much-anticipated ceremony at the White House where President Donald Trump and Chinese Vice Premier Liu He signed a “phase one” trade deal. Under the agreement, China is set to buy an additional $200 billion in U.S. goods over the next two years.

As a result of the deal, U.S. exports to China should in theory rise to $263 billion in 2020 and $309 billion in 2021, CNBC reported. Both figures would represent a record-breaking acceleration of U.S. exports to China.

Despite the signing, some analysts believe additional tariffs could still be imposed and that trade uncertainty could pop up somewhere else, including in Europe.