WASHINGTON—President Trump's "Phase One" trade agreement with China is getting mixed reviews among U.S. businesses, depending on the sector.

The National Association of Manufacturers was elated with the deal announced Dec. 13. 

"President Trump has landed an historic enforceable deal that protects a broad range of U.S. intellectual property, such as trade secrets, and provides strong new tools to tackle counterfeiting of our products," said NAM President and CEO Jay Timmons.

The Motor & Equipment Manufacturers Association said it was encouraged by the Phase One agreement and looked forward to seeing further details.