US and China Poised to Sign Trade Deal Next Week, Treasury Secretary Bessent Confirms

Washington D.C. – The United States and China are scheduled to sign a significant trade deal in the coming week, as announced by U.S. Treasury Secretary Scott Bessent. The news, initially shared by crypto analyst Ash Crypto, has generated considerable market anticipation, with the analyst predicting the "MARKET WILL EXPLODE" following the agreement.

The impending deal follows intensive negotiations, including "triage negotiations" between Secretary Bessent and Chinese Vice-Premier He Lifeng. These discussions were crucial in salvaging the trade agreement and a recent summit between President Donald Trump and Chinese President Xi Jinping. The agreement aims to establish an "equilibrium" in trade relations for the next 12 months.

Key components of the deal, as outlined by Secretary Bessent, include China's commitment to postpone the implementation of its rare earths regime and purchase substantial amounts of U.S. soybeans. Additionally, the agreement facilitates American investors taking control of TikTok in the U.S., a move that Bessent stated would be finalized "very soon." The U.S. reciprocated by delaying measures that would place thousands of Chinese groups on a trade blacklist.

The agreement also addresses concerns over fentanyl, with the U.S. agreeing to cut fentanyl-related tariffs from 20 to 10 percent. This reduction comes after China pledged to intensify its crackdown on the export of chemicals used in the production of the deadly opioid, a topic that occupied a significant portion of the bilateral discussions.

Secretary Bessent has been a vocal proponent of a strong U.S. economic stance against China, previously describing tariffs as a means to "finally stand up for Americans." He expressed confidence that the deal would hold, despite acknowledging that "there will naturally be some bumps," emphasizing improved communication channels between the two nations.