The United States and China have a framework agreement in place ahead of Thursday’s meeting between President Trump and Chinese President Xi. Treasury Secretary Scott Bessent was part of preliminary discussions in Malaysia and sounded optimistic during his appearance on Meet the Press. “I think we’re going to be able to discuss substantial soybean and ag purchases for our American farmers; I think we’re going to be able to discuss more balanced trade.” The two sides have also apparently come to terms on rare earth minerals, eliminating the need for 100 percent tariffs on Chinese products. On Air Force One, President Trump said agricultural trade is one of his priorities for Thursday’s meeting. “I want our farmers to be taken care of.” The Trump-Xi summit will be the first in-person meeting for the two world leaders in Trump’s second term.
