US and China Agree on Trade Deal Framework: Rare Earths and Tariffs Resolved

Framework Agreement Reached

• 🤝 A framework agreement has been reached to implement the Geneva consensus and a prior call between the two presidents.
• 🗓️ This agreement builds upon discussions from June 5th, aiming for a balanced implementation.

Rare Earth Minerals Resolution

• 🪨 The issue of rare earth minerals and magnets is expected to be resolved within this framework.
• 📉 Measures imposed by the US when rare earths were not supplied are anticipated to be removed in a balanced manner once licenses are approved.

China's Perspective on Talks

• 💬 China described the recent exchanges between the Chinese and US teams as in-depth, candid, and professional.
• ✅ Both sides have agreed in principle to implement the consensus reached by the heads of state on June 5th and during the Geneva talks.