US and China have reached a framework agreement on a potential trade deal, just days ahead of the highly anticipated meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea. According to the US Treasury Secretary Scott Bessent, this includes finalizing a "final deal" on TikTok's operations in the US, as well as delaying China's tightened rare earth minerals controls for a year while they re-examine it.
The framework agreement aims to address several contentious issues between the two nations, including tariffs imposed by the US on Chinese goods. Bessent stated that the tariffs will be "averted," signaling an end to the escalating trade war between the world's largest economies.
China had previously halted soybean imports from the US, significantly impacting US farmers, but Bessent hinted at a possible resolution to this issue as well. When asked about it during an interview on Sunday, he mentioned that his concerns as a soybean farmer have been addressed and expressed optimism over the deal reaching fruition soon.
Regarding TikTok, Bessent confirmed that the framework agreement would allow for US companies to control the app's algorithm in the country, with Americans holding six of seven seats on its board. This move is seen as a concession to Trump's demands for greater transparency around the app's operations.
The trade deal and meeting between Trump and Xi Jinping mark a significant moment in US-China relations, which have been strained over issues like trade policies, intellectual property, and national security concerns. As the two nations aim to avoid further escalation, this framework agreement represents a crucial step towards potentially ending the trade war and restoring economic cooperation.
The framework agreement aims to address several contentious issues between the two nations, including tariffs imposed by the US on Chinese goods. Bessent stated that the tariffs will be "averted," signaling an end to the escalating trade war between the world's largest economies.
China had previously halted soybean imports from the US, significantly impacting US farmers, but Bessent hinted at a possible resolution to this issue as well. When asked about it during an interview on Sunday, he mentioned that his concerns as a soybean farmer have been addressed and expressed optimism over the deal reaching fruition soon.
Regarding TikTok, Bessent confirmed that the framework agreement would allow for US companies to control the app's algorithm in the country, with Americans holding six of seven seats on its board. This move is seen as a concession to Trump's demands for greater transparency around the app's operations.
The trade deal and meeting between Trump and Xi Jinping mark a significant moment in US-China relations, which have been strained over issues like trade policies, intellectual property, and national security concerns. As the two nations aim to avoid further escalation, this framework agreement represents a crucial step towards potentially ending the trade war and restoring economic cooperation.
sounds like they've finally gotten something done... but what's in it for China? 
don't think they're just gonna let those tariffs go without getting some serious concessions on their own end... and that TikTok deal better be worth more than just a face-saving win for Trump 
. Like, let's be real, the thought of US companies controlling TikTok's algorithm is still a bit weird, but at least we're one step closer to having some transparency around their operations 
. And hey, delaying those rare earth minerals controls for a year sounds like a win-win to me 
.
. As someone who's all about the layout and structure of things (I mean, have you seen the news articles lately? 
), it's clear that this deal is starting to take shape like a perfectly formatted document 
.
. This trade deal and meeting between Trump and Xi Jinping could be the start of something beautiful – or at least, a significant reduction in tariffs 
.
think we're on the verge of something huge here! so like Trump and Xi are gonna meet in south korea and they've already got a deal that's supposed to address all these super contentious issues... tariffs, tiktok, soybeans... it all adds up. i'm not even kidding if this trade war thing finally gets resolved it'll be a major win for the US economy. but at the same time i'm like what about all the other stuff that's still on the table? intellectual property and national security concerns are still there, you know? anyway, I guess we'll just have to wait and see how this all plays out 
I'm kinda surprised they were able to iron out all the issues, but hey, diplomacy works sometimes, right? 
. I mean, I'm sure the farmers in soybean country are thrilled to know that their livelihoods weren't totally ruined by China's little tantrum. And what about all the other issues, though? IP theft, national security... did they just sweep those under the rug too? 
guess this is big news now that it's been out for days lol anyway i think it's kinda cool that they're trying to make a deal on tiktok... like who would've thought we'd be negotiating the future of a popular social media app? 
also glad to hear about the tariffs being delayed, my dad was super worried about those affecting his business 
. I mean, think about it, Trump's got his fingers all over TikTok now, what's stopping him from just getting rid of them altogether? And China just agreeing to delay their rare earth minerals controls for a year? That sounds like a pretty sweet deal for the US to me 
.