US EditionUS and China seek to strike a deal over rare earths, tariffs, soybeans
- U.S. and Chinese officials reached a framework at the ASEAN Summit in Kuala Lumpur to delay tariffs and rare-earth export controls, Scott Bessent said.
- After China tightened rare-earth export restrictions Oct. 9 just ahead of the Trump-Xi summit, global supply chains faced fresh pressure as the world lacks ready productive capacity, analysts say.
- Data show China controls more than 90 of the world's rare‑earths, and officials say Beijing bought none of the September soybean harvest but may revive purchases.
- Bessent said the talks left punishing triple-digit levies off the table, while Li Chenggang confirmed a preliminary consensus and said proposals will go through internal approval processes next.
- The framework extends beyond tariffs to include TikTok transfer to U.S. ownership and cooperation on fentanyl and precursor chemicals, but analysts warn its durability is uncertain.
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90 Articles
Associated Press News
US and China seek to strike a deal over rare earths, tariffs, soybeans
The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.
News 4 San Antonio
US, China reach a 'framework' trade agreement before Trump-Xi meeting
The U.S. and China took another step forward to deescalate the most recent spat in a back-and-forth trade war.
The United States is confident that China will postpone the entry into force of its new restrictions on the export of rare earth, a move that Washington hopes would pave the way for Presidents Donald Trump and Xi Jinping to agree on Thursday to an extension of the trade truce between the two countries, which expires on 10 November. The possible postponement comes after two days of talks between negotiating teams in Kuala Lumpur, Malaysia, which …
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