US EditionUS, China reach ‘framework’ of trade deal, Bessent says
The agreement includes agricultural purchases and fentanyl cooperation, averting a 100% US tariff scheduled for November 1, officials said.
- Top Chinese and U.S. economic officials agreed on a trade framework, as stated by Bessent.
- Bessent indicated that the agreement would postpone China's export controls on rare earth minerals and avoid a new U.S. tariff.
- Li characterized the discussions as 'candid', while Bessent noted 'very substantial negotiations.'
- Trump expressed confidence in the deal, asserting that both countries 'want to make a deal.
305 Articles
305 Articles
US, china say deal on trade is closer
KUALA LUMPUR, Malaysia — A trade deal between the United States and China is drawing closer, officials from the world's two largest economies said Sunday as they reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping…
Trump predicts ‘successful transaction’ with China ahead of Xi summit
TOKYO — President Trump predicted a “successful transaction” ahead of his Thursday meeting with Chinese President Xi Jinping — after negotiators from both countries drafted a framework for a trade agreement to avert Trump’s threatened 100% additional tariff on Chinese goods. “I think we’re gonna have a successful transaction for both countries,” Trump, 79, told...
US and China have reached a framework agreement on trade ahead of Trump-Xi meeting. Here’s what we know
US and Chinese officials have reached a framework agreement, averting a potentially ruinous 157% tariff on Chinese goods while paving the way for a potential trade deal to be discussed between President Donald Trump and Chinese leader Xi Jinping later this week.
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