US and Taiwan to sign new trade deal amidst rising China tensions.

The US and Taiwan are set to sign a new trade deal under the US-Taiwan Initiative on 21st Century Trade framework, which aims to strengthen economic ties between the two countries and open Taiwan to more US exports. The announcement comes amid rising tensions between the US and China, which claims Taiwan as its own territory. The deal is expected to be signed ahead of a global security summit in Singapore, which will be attended by US Defense Secretary Lloyd Austin and his Chinese counterpart Li Shangfu.