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US, China reach ‘framework’ of trade deal, Bessent says
US and China agreed on a preliminary trade deal framework to prevent a 100% tariff on Chinese goods and address key issues like rare earth export controls, 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.
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US and China say a trade deal is drawing closer as Trump and Xi ready for a high-stakes meeting
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes…
US, China reach ‘substantial framework’ to avert 100% tariffs, Bessent says
As Trump arrived in Malaysia for the ASEAN summit, U.S. and Chinese officials concluded talks leading to a “very substantial framework” to defuse escalating trade tensions, Treasury Secretary Scott Bessent said.
·Mumbai, India
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The two powers agreed to suspend restrictions on mineral exports for a year and reactivate soybean imports after intensive negotiations in Kuala Lumpur. The pact prevents, for now, a 100% increase in tariffs announced by Washington
·Buenos Aires, Argentina
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Total News Sources35
Leaning Left11Leaning Right6Center12Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 38%
C 41%
R 21%
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