Trade Relations & Negotiations - The primary objective is to reduce the trade deficit and increase trade between the US and China [1][17] - The US and China aim to achieve positive trade growth that benefits both nations [1] - The Geneva agreement serves as a framework for trade discussions, but implementation was slow [7][11] - A phone call between President Trump and President Xi provided a strong foundation for reaching an agreement [7][8][12] - Both sides are motivated to reach an agreement, with a focus on making it beneficial for both countries [2] - The two largest economies in the world have reached a handshake for a framework to implement agreements [13][14] Key Issues & Implementation - Expects the topic of rare earth minerals and magnets to be resolved within this framework [5] - The US put measures on when those rare earths were not coming, expect those to come off in a balanced way [6] - The focus is on implementing the Geneva agreement and the president's consensus [5][19] - The implementation of the Geneva agreement is contingent on mutual agreement from both presidents [21] - Fentanyl is a priority issue for the US, and progress is expected from China on this matter [21][22] Future Outlook - The framework aims to unlock the ability to discuss broader economic issues between the US and China [20] - The US seeks to grow trade with China in a positive way, which will reduce the trade deficit [17]