US Secretary of Commerce Howard Lutnick announced that the two sides had finalized terms, and the agreement now awaits approval from Presidents Donald Trump and Xi Jinping. A key provision is the resumption of rare earth metal exports from China to the US, in exchange for the US lifting recent technology export curbs on China. Lutnick noted that the final outcome depends on direct presidential endorsement.
Analysts see the framework deal as a move toward de-escalation, but many outstanding issues remain. Jianwei Xu, a Natixis analyst, emphasized that further internal coordination is required in both countries. Notably, China’s state broadcaster CCTV confirmed the deal several hours after US officials, with Chinese representatives framing the outcome as a step toward rebuilding trust.
Market response was muted: the CSI 300 index saw a slight uptick, while US equity futures remained under pressure. Investors are awaiting details on trade implementation and signatures from Trump and Xi before fully recalibrating positions. Analysts add that President Trump may still seek last-minute revisions to the deal’s terms.
Bitcoin’s reaction to the news was neutral. As of publication, the leading cryptocurrency is trading near $109,550 according to TradingView, with a weekly gain of 4%.
Hourly chart USDT/BTC on Binance (TradingView)In related legal developments, the US Court of International Trade unanimously ruled that the President exceeded his authority in imposing tariffs on dozens of countries under emergency provisions. The Trump administration appealed, with the higher court siding with the government and staying the lower court’s ruling during the appeal process.
Recent surveys show that 80% of Americans support the partial transfer of US gold reserves into bitcoin.