US–China Finalize Draft Framework to End Tariff Escalation

Top negotiators from the United States and China concluded trade talks in Malaysia, finalizing a draft of the 'Preliminary Consensus Framework' that seeks to roll back proposed 100% tariffs on automobiles and tech goods. The accord will form the basis for signatures by Presidents Trump and Xi in Seoul next week. Officials said the framework includes export-licensing reforms, enhanced transparency mechanisms, and reciprocal tariff reductions. Analysts view the deal as a potential inflection point for global supply-chain normalization after years of escalating trade tensions.