Trade tensions between the US and China appear to have cooled following constructive talks, leading to a preliminary ‘framework’ for a trade deal. Key negotiators, including U.S. Treasury Secretary Scott Bessent and China’s Vice Premier, have expressed optimism about reaching an agreement, indicating that a 100% tariff threat is likely to be off the table. As both nations prepare for a high-stakes meeting between President Trump and President Xi, there are signs of a positive consensus emerging, with discussions in Malaysia described as ‘very productive.’ US officials are hopeful that this momentum will lead to a final agreement that addresses critical issues in technology and materials sectors.