Oil jumped on the news

taken from 1440 news dump

"President Donald Trump announced yesterday that the US and China had reached a provisional trade deal, following two days of negotiations in London. The framework, which needs official sign-off from Trump and Chinese President Xi Jinping, addresses tariffs as well as student visas and critical minerals, two other sticking points in US-China relations.

Under the tentative agreement, the US would impose a total of 55% tariffs on Chinese goods (tariffs 101), down from the 145% rate imposed in April. Full details haven’t been released, but the framework reportedly also entails rolling back export limits on American technologies like airplane parts and allowing Chinese students to continue studying at American universities.

In exchange, China would keep the 10% tariffs on US goods agreed to in Geneva last month. China would also reportedly ease export restrictions on magnets and rare earth minerals, which are essential components for advanced technologies and whose market China dominates. "

https://www.investors.com/news/economy/us-china-trade-deal-rare-earths-55-percent-tariff-sp-500/?utm_placement=newsletter&user_id=66c4c7d9600ae15075a73c92

https://thehill.com/homenews/administration/5343899-trump-china-trade-truce-agreement/?utm_placement=newsletter&user_id=66c4c7d9600ae15075a73c92