In a significant development, US and Chinese officials have agreed on a framework for a trade deal that aims to ease tensions between the two nations. Treasury Secretary Scott Bessent highlighted that this agreement includes substantial purchases of US soybeans by China and a delay in the implementation of additional tariffs. As the Trump-Xi meeting approaches, there is growing optimism surrounding the trade negotiations, with both sides expressing confidence in moving forward. The discussions also touch on critical issues such as rare earth exports and tariffs, marking a potential turning point in US-China relations.