US, 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
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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...
Asia stocks surge on US-China trade deal breakthrough
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