U.S. Treasury Secretary Scott Bessent stated after his recent meetings that both China and the United States are ready to establish a highly detailed trade agreement. Bessent made these remarks following a series of intensified discussions between Washington and Beijing in recent weeks.
Bessent emphasized that they are currently working on an agreement that encompasses a very solid framework. He also mentioned that significant progress has been made during multiple negotiations held in Kuala Lumpur, and that the necessary conditions for the leaders to sit at the table are being established.
Meanwhile, Donald Trump is expected to meet with China President Xi Jinping in the coming days. Trump stated that he believes an agreement will be signed during this meeting. The signing of such a deal is expected to bring some relief to the markets.
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What Will Be Discussed During the Meeting?
It is clear that many issues will be addressed in the talks, but some topics require particular attention and decisive actions. Examples include:
- Tariffs
- Rare Earth Minerals
- Agricultural Imports
- Fentanyl Production
According to sources such as Reuters and SCMP, the outcome of this agreement is expected to ease the pressure on global markets. The ongoing trade tension seems to be gradually giving way to stability. It appears that a potential settlement is not far off. Global markets are responding positively to the expectations surrounding the deal; however, experts emphasize that the true picture will only emerge after the final text of the agreement is revealed.
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