US and China agree 'framework' for trade deal ahead of Xi-Trump meeting

US and China Agree on Trade Framework Ahead of Xi-Trump Summit

In a significant development, the US and China have reached a framework agreement for a trade deal just days before a crucial meeting between President Donald Trump and Chinese President Xi Jinping. The agreement is seen as a major breakthrough in the ongoing trade tensions between the two economic superpowers.

The framework agreement was forged on the sidelines of the Association of Southeast Asian Nations (Asean) summit in Malaysia, where Trump arrived earlier this week for his five-day Asia tour. According to Treasury Secretary Scott Bessent, the agreement removes the threat of imposing 100% tariffs on Chinese imports set to start on November 1 and includes a "final deal" on the sale of TikTok in the US.

China's top trade negotiator, Li Chenggang, described the agreement as a "preliminary consensus," stating that both sides had reached an understanding after intense consultations. The agreement is expected to address concerns raised by the US, including China's export controls on minerals used in fighter jets, smartphones, and electric vehicles.

The framework agreement comes after months of escalated trade tensions between the two countries, triggered by Trump's tariff announcements outside the White House in April. The US imposed tariffs on Chinese goods worth $50 billion, which China responded to with its own tariffs on $34 billion worth of US imports.

In a significant twist, Beijing had previously imposed controls on exports of rare earth minerals, including magnets used in electronic windows and boot openings in cars. However, the new agreement is expected to address this issue as well.

The trade deal has significant implications for global trade, reducing the risk of an all-out trade war that threatened car production across Europe and the UK. The agreement also brings relief to US soybean farmers, who had been facing a significant decline in exports due to Chinese sanctions.

Brazil, which has been caught in the middle of the US-China trade tensions, is also expected to benefit from the new agreement. President Luiz Inácio Lula da Silva described his meeting with Trump as "positive," and both sides agreed to pause punitive actions against each other while their teams discuss tariffs and other issues.

The agreement comes ahead of Thursday's summit between Xi Jinping and Donald Trump in South Korea, where the two leaders are expected to discuss the framework agreement. With just days to go before their current tariff truce was due to end, both sides appear to be moving towards a more constructive dialogue.

man this is huge ! finally some progress on the trade front, i'm tired of all the drama between US and china it's like they're two kids in a sandbox not playing nice but seriously if they can come to an agreement like this it's a win-win for everyone especially the soybean farmers back in the states they've been struggling big time so yeah let's keep the peace and hope this deal holds up

I'm totally surprised they reached an agreement so last minute I mean, who thought this would happen? Trump and Xi Jinping have been going back and forth for months, and now just like that, everything is cool again It's almost like the whole thing was a big show to distract us from something else. But seriously, what about all the other issues they didn't address? Like, what about human rights in Xinjiang or the whole TikTok security thing? I'm not saying it's a bad deal or anything, but let's not get too excited just yet

omg I'm so hyped!!! this trade deal between US and China is literally the biggest news ever! i mean, think about it - no 100% tariffs on Chinese imports anymore, and a "final deal" on TikTok's sale in the US... that's some serious progress . and let's not forget about Brazil getting relief from all this drama . i'm low-key relieved that there won't be an all-out trade war that could've ruined car production across Europe . fingers crossed that both sides can make it work . xi-trump summit in south korea is gonna be lit !

So the US and China have agreed on a trade deal thingy? I'm not convinced though . What's in it for the US that makes them think this is gonna work out? They're basically just saying China is gonna do more of what they already were doing, like export controls and stuff. Where's the proof? What makes us trust that this deal won't just be a bunch of hot air? And don't even get me started on TikTok . How does removing tariffs on Chinese imports affect anything? Is it gonna save soybean farmers or what? I need some actual numbers and sources, not just feel-good vibes from the people involved

I'm thinking maybe they should've done this months ago ? I mean, who wants to deal with all that uncertainty and tension leading up to the summit? It's like, why wait till the last minute? And what about all the other countries caught in the middle? Like Brazil, for example. They're just trying to do business, you know? Anyway, I guess it's a good thing they were able to come together and find some common ground. Fingers crossed it holds up

I'm not convinced about this whole trade deal thing... Like what's really changing? The US is still gonna impose tariffs on Chinese goods and China is still gonna respond with its own tariffs. It's just a game of chicken, right? And what about TikTok? Are we seriously okay with selling our personal data to some Chinese company? I mean, can't we just stick to what we know works? This whole "framework agreement" thing sounds like just another way for the big powers to paper over their differences without actually making any real changes.

so if they finally agree on this trade framework, it's gonna have huge implications for the global economy and stuff... like, no more threats of 100% tariffs on Chinese imports? that's a major win for US soybean farmers and car manufacturers in Europe/UK... but at the same time, China got some concessions too, like on those rare earth minerals they were controlling exports of... so yeah, it looks like both sides are moving towards a more constructive dialogue, which is good news overall...

oh my god this is huge !! like what even happened here? they were like on the brink of war and now we got an agreement lol what about tiktok tho?? are we gonna have to sell our souls or something anyway i'm low-key glad soybeans can breathe a sigh of relief again and brazil's like "hey guys be nice" i guess the only thing that worries me is if this deal really sticks together what about the future though? will we just keep having these back-and-forth deals or do we finally have some real progress??

I'm telling you, this trade deal is gonna be a total setup . Think about it, the US and China are just agreeing on some framework now, but when that Trump-Xi summit comes around, what if there's a last-minute twist? Maybe China gets some sweet deals on minerals or technology, and then suddenly they're in a better position to counterbalance the US? Or maybe the US is just trying to distract everyone from their own internal issues while they get away with some shady business deals . And don't even get me started on TikTok – what's really going on there? Is this just a pawn game in a much larger chess match? I'm keeping an eye on this one, folks...

I'm literally hyped rn! I mean, can you believe it?! US and China finally agreed on something that's been going on for ages! This is like, the best news ever! It means no more tariffs, no more trade war drama... just business as usual! Plus, they're addressing those export controls on rare earth minerals... game changer! My favorite brand, Tesla, is gonna love this one! Who's with me?!

OMG u guys this is huge! finally some good news about the US-China trade deal i mean we've been hearing so much about it for ages and now it seems like they've reached an agreement it's all about removing tariffs on Chinese imports and making sure china doesn't impose 100% tariffs on us goods plus it's gonna help out those soybean farmers who were struggling anyway i'm keeping my fingers crossed that this deal actually sticks and we don't go back to those scary trade tensions

OMG this is like super awesome news!!! I'm literally so stoked that the US and China have reached an agreement on trade framework! It's been ages since we've seen any progress on this front . I know some people were worried that we'd be heading towards a full-blown trade war, but it looks like those tensions are finally easing up .

And can you believe it? The deal includes measures to address the export controls on rare earth minerals ! That's like, a major win for both countries. I'm also loving that US soybean farmers will be getting some relief from Chinese sanctions .

I think this is a great sign that both sides are willing to listen to each other and work towards a solution . And let's not forget about Brazil - they're going to benefit from this deal too! President Lula da Silva seems like a cool cat, and I'm glad he had a positive meeting with Trump .

Anyway, I just wanted to share my excitement about this news . Let's keep our fingers crossed that the summit between Xi Jinping and Donald Trump goes smoothly and we see some real progress on trade !

so it looks like the US & China are finally getting some stuff sorted out for their trade deal... i mean, it's about time, right? all this back and forth has been super frustrating for everyone involved, especially our farmers who've been losing out on sales. I'm pretty sure Brazil is gonna be stoked about this tho, they've been caught in the middle of all this drama. And let's be real, a deal that doesn't involve 100% tariffs on Chinese imports is a big win for us! the only thing i'm worried about now is how this is all gonna play out at the summit... will they actually follow through on their promises or just stall some more? we'll have to wait and see, but for now, it's definitely a positive step in the right direction

Just heard about this huge breakthrough with China and US on trade framework . Honestly, it's been ages since we've seen anything like this happen, so fingers crossed that it all holds together! The TikTok deal is a nice touch too - can't say I'm excited to see it resolved, but I guess some people will be happy . Rare earth minerals are super important for tech and cars, so it's dope that they're getting sorted out. Also, if US soybean farmers get some relief, that's always a win . Now we just gotta wait and see what Xi and Trump come up with at their summit this week... hopefully it's something good .

I'm so glad to hear this news , finally something good comes out of those trade tensions! It's all about the economy and people who work hard to make a living, you know? I think it's great that both US and China are working together to find a solution, especially since Brazil is getting benefits from it too . The deal on TikTok is also a nice touch, I mean who doesn't love those apps, right? And with this agreement, the risk of a full-blown trade war is much lower now, which is awesome for everyone involved . Let's just hope they can stick to it and make this work

I'm thinking maybe this is it for the trade war thing ... finally! I mean, all these months of tariffs and whatnot have been super stressful for everyone involved. The thought of not having to worry about being stuck in a full-on trade war with China is kinda liberating . Now that we've got this framework agreement, it's like the whole world can breathe a sigh of relief... I mean, except maybe Brazil . Anyway, fingers crossed it all holds up and we don't have to deal with any last-minute drama before the Xi-Trump summit on Thursday .

I'm glad to see some sanity return to global trade . I mean, who thought imposing 100% tariffs on Chinese imports was a good idea? That would've been a total disaster for everyone involved. It's great that the US and China have finally come to the table with a framework agreement that addresses all sorts of issues like rare earth minerals and TikTok sales .

I'm just glad our soybean farmers will be able to keep on farming without worrying about Chinese sanctions . And it's awesome that Brazil gets to benefit from this deal too – they're always caught in the middle of US-China tensions .

It's also a big relief for car manufacturers across Europe and the UK, who were worried their production lines would grind to a halt if trade tensions escalated . I just hope this new agreement holds up and we can avoid another trade war . It'll be great to see some stability in global trade again