In a significant development ahead of their high-stakes meeting, President Trump and President Xi of China have agreed on a framework for a trade deal, which aims to alleviate escalating tensions between the two nations. The agreement, described by U.S. Treasury Secretary Scott Bessent, includes substantial commitments from China to purchase U.S. soybeans and a pause on expected 100% tariffs. While the talks have sparked optimism in Asia markets and U.S. stock futures, fundamental issues remain unresolved. Both parties are now preparing for crucial discussions in Malaysia, where they hope to further solidify their trade relationship and find solutions to outstanding concerns.