US treasury secretary Scott Bessent said on Sunday that Washington and Beijing have reached a “very substantial framework” that would prevent the US from imposing 100% tariffs on Chinese goods and allow for a deferral of China’s rare earths export controls, as per news agency Reuters. The development follows high-level talks in Kuala Lumpur, Malaysia, ahead of a scheduled meeting between President Donald Trump and Chinese President Xi Jinping next week. Bessent told NBC’s “Meet the Press” that the framework will enable discussions on more balanced US-China trade, Chinese purchases of American soybeans and other agricultural products, and measures to address the US fentanyl crisis. “No, I’m not [anticipating the 100% tariffs], and I’m also anticipating that we will get some k

See Full Page