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This breakthrough followed intense emergency negotiations held in London, which saw top officials from both sides working tirelessly over two days. President Donald Trump publicly confirmed the deal via social media, projecting cautious optimism about the prospects for a more comprehensive, long-term trade relationship.
The framework aims to "solidify" the Geneva agreement, which initially sought to ease tariffs—particularly those that had surged to triple digits—boiling over into a global trade crisis. Crucial to this deal is the relaxation of restrictions on Chinese exports of rare earth minerals, a critical component in electronics and manufacturing, alongside adjustments to US export restrictions on Chinese goods such as semiconductors and aircraft.