"When you think about it, in the normal course, getting quietly to do a 10% tariff on everything from everywhere was a huge achievement," Wilbur Ross tells Fortune.

The negotiators didn’t disclose exactly what they had agreed to as part of the framework, which could lead to continued uncertainty over the trade truce.

Hours after Israel landed significant missile strikes against Iran, President Trump chided Tehran for not making a nuclear deal through several rounds of talks, but held out hope it still could do so.