US and China agree on trade framework for rare earths, soybeans

France 24Sunday, October 26, 2025 at 2:15:24 PM
US and China agree on trade framework for rare earths, soybeans
In a significant development, US Treasury Secretary Scott Bessent announced that the US and China have tentatively agreed on a trade framework that includes China postponing export restrictions on rare earths and increasing its purchases of US soybeans. This agreement is crucial as it could prevent a drastic 100 percent tariff hike on Chinese exports, fostering a more stable trade relationship between the two economic giants.
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