US–China reach trade framework that could avert 100% tariffs and pause rare-earth curbs — development comes as Trump and Xi prepare to meet this week

US and Chinese trade negotiators say they’ve reached a framework agreement that, if approved by both governments this week, would roll back proposed 100% tariffs on Chinese imports and pause Beijing’s escalating export restrictions on rare-earth materials.

US trade representative Jamieson Greer told reporters in Kuala Lumpur, “We are moving forward to the final details of the type of agreement that the leaders can review and decide if they want to conclude together.”