Trump and Xi Set to Finalize U.S.–China Deal After Tariff Truce Extension
U.S. Treasury Secretary announced a "very substantive framework" agreement between Washington and Beijing following ministerial-level trade talks in Kuala Lumpur. The accord averts threatened tariffs on Chinese goods and addresses concerns over rare earth export controls, a critical issue for U.S. manufacturers.
Global markets are closely monitoring developments, with fears of escalating tariffs potentially subsiding. The framework sets the stage for Presidents TRUMP and Xi to meet and finalize trade cooperation details, signaling a potential thaw in trade tensions.
Soybean purchases and an extended tariff truce are expected to narrow the trade deficit, according to Treasury officials. The discussions, described as "highly constructive," involved senior representatives from both nations, including U.S. Trade Representative and China's Vice Premier.
