China, US Finalize Framework for Trade Deal

The United States and China have finalized a framework for a trade deal following talks in London, with both sides confirming the agreement. The deal includes provisions for the U.S. to lift certain restrictive measures against China, while China will expedite reviews and approvals for export-controlled items, particularly rare earth minerals critical to high-tech industries. The agreement builds on prior negotiations in Geneva, where both nations agreed to temporarily lower tariffs and ease non-tariff barriers. While specific details have not been fully disclosed, the resolution of rare earth supply issues and the rollback of some trade restrictions represent a significant step in stabilizing relations. Both governments have emphasized the need for ongoing collaboration and hope for continued reciprocal concessions. The framework is expected to strengthen economic ties and address key trade concerns.