After two days of negotiations, the United States and China appear hopeful about the progress they’re making on a trade deal. But let’s take a look at what actually went down this week. Both countries say they have a "framework" that basically gets trade talks back to the agreement they made in Geneva a month ago.

The deal removes Chinese export restrictions on rare earths minerals and allows Chinese students access to U.S. universities.

United States and Chinese officials said they had agreed on a framework for a trade truce, which removed China's export restrictions on rare earths.