US China Reach Framework Deal Ahead Trump Xi Summit

The United States and China have reached a preliminary and very successful framework agreement after two days of intensive trade talks in Kuala Lumpur, setting the stage for a high-level meeting between President Donald Trump and Chinese President Xi Jinping. Key issues discussed include agricultural purchases, fentanyl trafficking, TikTok, rare earth export controls, tariffs, and the broader bilateral relationship, with the framework aiming to avoid Trump's threatened 100% tariffs on Chinese goods and to defer Chinese rare earth export restrictions. Treasury Secretary Scott Bessent emphasized that the talks were constructive and far-reaching, enabling both leaders to pursue a comprehensive trade deal during their upcoming meeting at the Asia-Pacific Economic Cooperation summit. The Chinese delegation was led by Vice Premier He Lifeng, while the U.S. side included Trade Representative Jamieson Greer, and both sides are preparing to finalize terms through direct leader discussions. President Trump expressed optimism about the meeting, highlighting the potential for a "complete deal" and underscoring direct talks as the best approach to resolving trade tensions and geopolitical concerns. This diplomatic progress follows President Trump's visit to Malaysia as part of his Asia tour, which also featured regional peace initiatives.