**US-China Negotiations Yield a Framework for Presidents' Approval**

**Top officials from the US and China have reached a preliminary agreement to ease trade tensions, now awaiting presidential endorsement.**

In a significant development, high-ranking officials from the United States and China have concluded two days of talks in London, emerging with an agreed framework aimed at alleviating escalating trade disputes between the two global giants. US Commerce Secretary Howard Lutnick announced that the plan focuses on resolving restrictions related to the import of rare earth minerals and magnets essential for advanced technology manufacturing.

This development marks a promising step following a temporary truce established last month, during which both countries had accused each other of not adhering to the agreed-upon tariffs. The US has voiced concerns over China’s delayed exports of critical rare earth metals and magnets, which are vital for producing everything from smartphones to electric vehicles. Meanwhile, the US has imposed limitations on China's access to essential technologies, including semiconductors and artificial intelligence components.

Lutnick conveyed optimism, stating, "We have reached a framework to implement the Geneva consensus." The proposal is now set to be taken to Presidents Donald Trump and Xi Jinping for final approval. This breakthrough comes after a recent phone conversation between Trump and Xi, described by the US President as a "very good talk."

Various elements drove the discussions, particularly China’s rare earth exports, crucial for modern technology supply chains. Although a temporary truce was achieved in Switzerland in May—resulting in a reduction of tariffs on both sides—subsequent breaches have marred progress, with trade representative Jamieson Greer highlighting China’s failure to retract restrictions on rare earth magnets.

In a prelude to this week’s negotiations, the Chinese Ministry of Commerce had indicated approval of several rare earth export licenses but withheld specific details. Trump revealed on Friday that Xi had agreed to revive trade imports for these critical materials. The stakes remain high as both nations aim for a robust resolution to avoid further economic fallout amidst ongoing tensions.