Overview

• Negotiators from the U.S. Trade Delegation and the Chinese Ministry of Commerce struck a framework in London after two days of intense talks, building on previous Geneva discussions.
• Beijing agreed to issue six-month licenses for rare earth mineral exports critical to electric vehicle, electronics and defense sectors.
• Washington committed to easing export controls on advanced technology and lifting visa restrictions on Chinese students to secure China’s cooperation.
• Under the draft terms, tariffs on Chinese goods would cap at 55%, balancing between record highs and earlier truce levels.
• The agreement still requires final sign-off by Trump and Xi, whose decisions will determine if it stabilizes global markets and supply chains.