Afghanistan, Oct. 27 -- US and China have drafted a plan to freeze tariffs and ease rare metals export limits, aiming for leader-level approval at the upcoming summit.
Senior economic officials from the United States and China have prepared a draft framework for a potential trade agreement, according to US sources cited by Reuters on Sunday. The proposal reportedly includes a halt to the planned imposition of steep US tariffs as well as a temporary easing of China's export restrictions on rare earth metals.
US Treasury Secretary Scott Bassett stated that talks held on the sidelines of the ASEAN summit in Kuala Lumpur effectively suspended a 100 percent tariff hike on Chinese imports that was scheduled to take effect on November 1. He adde...