After months of negotiations, the U.S. and EU reached a framework on a trade agreement last week. While the majority of the agreement touches upon tariff rate setting, market access, and purchase and investment commitments, it also includes language on supply chains, non-market policies, investment review, export controls and duty evasion, which are likely to have implications for China. The full impact will have to await a final deal though, as there is no final text of an agreement yet and there are still areas of disagreement between the U.S. and EU.