The U.S. and China just stepped back from the trade-war ledge again, but this time with a framework that might actually hold. Over the weekend, Treasury’s Scott Bessent and USTR’s Jamieson Greer met their Chinese counterparts, hammering out what both sides called a “preliminary consensus.” Translation: Washington is holding off on 100% tariffs, Beijing is easing its chokehold on rare-earth exports, and both are pretending this was cooperation, not coercion. It’s not a signed deal,