--- title: "So, it's a framework for a deal, maybe?" description: "The U.S.-China trade talks have proposed a framework for a deal, pending approval from President Trump and Chairman Xi. The discussions aim to address China's export restrictions on rare earth mineral" type: "news" locale: "en" url: "https://longbridge.com/en/news/243996463.md" published_at: "2025-06-11T04:30:00.000Z" --- # So, it's a framework for a deal, maybe? > The U.S.-China trade talks have proposed a framework for a deal, pending approval from President Trump and Chairman Xi. The discussions aim to address China's export restrictions on rare earth minerals, but details remain unclear. Market reactions were muted, with U.S. and European stock futures down. Investors are cautious ahead of U.S. CPI data, which could impact market sentiment amid ongoing tariff concerns. Key developments include ECB appearances and a British spending review. June 11 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. So, apparently, they have the concept of a plan for a proposal on a framework for a deal to break the latest U.S.-China trade impasse. Which was only needed because President Trump sent that tweet claiming Beijing had broken the old deal. This deal now needs to be approved by Trump and Chairman Xi, and then implemented. At least the Chinese side thought the talks were “rational”, which was a step forward. Details were scant, though the U.S. team did claim that it would resolve China’s export restrictions on rare earth minerals and magnets. What Beijing got in return was not yet clear. Neither was it clear whether this truce would last any longer than the last one, which might be why the early market response was less than enthusiastic. U.S. and European stock futures were all down between 0.2% and 0.6%, and Asian shares modestly firmer. There is still the small matter of whether the April 2 levies are actually legal, with a federal appeals court allowing the tariffs to remain in effect while it reviews a lower court decision blocking them. The dollar and Treasuries were little changed as the U.S. CPI looms later in the day and any upside surprise would fan stagflationary fears, to the detriment of both markets. Analysts assume lower energy prices will keep the headline rise to 0.2%, while the core is seen up 0.3%. Attention will be on whether tariffs show up in goods prices, though the full impact is likely to appear from June onwards. Measures of volatility suggest investors really aren’t prepared for a high number, so anything in line will be a relief. Treasuries also have a 10-year auction to weather, with the focus on the share taken by indirect bidders which include foreign central banks. The latter took a hefty 71% of the May sale, while primary dealers got just 8.9%. A repeat performance would be warmly welcomed. Key developments that could influence markets on Wednesday: - ECB wage tracker. Appearances by ECB council members Gabriel Makhlouf; Piero Cipollone; Philip Lane and Claudia Buch; policymaker Yiannis Stournaras - British finance minister Rachel Reeves releases spending review - U.S. CPI data for May Reserves of rare earth elements All eyes on US inflation amid trade tariff threats (By Wayne Cole; Editing by Christopher Cushing) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Tempus AI EVP Erik Phelps Sells Shares | Erik Phelps, EVP and Chief Admin. Officer of Tempus AI, sold 9,464 shares of Class A Common Stock on February 19, 2026, | [Link](https://longbridge.com/en/news/276495655.md) | | Annette Franqui Purchases 1,540 Shares of OFG Bancorp (NYSE:OFG) Stock | OFG Bancorp Director Annette Franqui purchased 1,540 shares of the company's stock at $42.06 per share, totaling $64,772 | [Link](https://longbridge.com/en/news/276494822.md) | | ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports | Feb 20 (Reuters) - ConocoPhillipsis exploring a sale of some of its Permian Basin assets as part of a broader streamlini | [Link](https://longbridge.com/en/news/276478732.md) | | IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued | [Link](https://longbridge.com/en/news/276436345.md) | | Financial Advocates Investment Management Lowers Stock Position in Meta Platforms, Inc. $META | Financial Advocates Investment Management reduced its stake in Meta Platforms, Inc. by 66.7% in Q3, now holding 2,343 sh | [Link](https://longbridge.com/en/news/276432394.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.