In a significant development aimed at de-escalating their protracted trade dispute, the United States and China have established a preliminary framework to prevent further tensions. This breakthrough comes as both nations prepare for a high-stakes meeting between their leaders, US President Donald Trump and Chinese President Xi Jinping, on the sidelines of the APEC Summit in South Korea. The agreement follows intensive negotiations between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Kuala Lumpur, Malaysia. Key concessions include China’s commitment to resume soybean purchases from the US and a one-year delay in implementing proposed rare-earth export controls. Bessent emphasized that the framework would avert the imposition of a 100% tariff on Chinese goods, which had been threatened by Trump. Additionally, the two nations are set to discuss broader issues, including the fentanyl crisis and Trump’s peace plan for Ukraine and Russia. In a separate development, Bessent confirmed that a final deal on TikTok’s US operations has been reached, with details to be finalized during the leaders’ meeting. The agreement reportedly involves the sale of TikTok’s American operations to a consortium of US investors, with ByteDance retaining a minority stake. This tentative truce marks a critical step in stabilizing US-China relations, though underlying tensions in technology and trade remain unresolved.