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US, China: Trade Deal Closer
The preliminary consensus reached at the ASEAN Summit sets the stage for a final agreement aiming to ease trade tensions and address technology export controls.
- At the ASEAN Summit in Kuala Lumpur, U.S. and China reached an initial consensus, with Li Chenggang calling it a `preliminary consensus` and Scott Bessent describing it as `a very successful framework`.
- Longstanding manufacturing and technology disputes have fueled pressure for an agreement, as Beijing recently limited exports of rare earth elements and restricted access to state-of-the-art computer chips.
- Officials said initial talks produced agreements to stop precursor chemicals for fentanyl entering the U.S., Beijing's substantial purchases of soybeans and other agricultural products, and delayed rare earth elements export controls.
- Scott Bessent told CBS that the threat of additional higher tariffs on China was `effectively off the table`, and U.S. officials said the deal would relieve international markets while emphasizing cooperation to secure supply chains.
- The leaders' upcoming meeting on Oct. 30 will be decisive, as Jamieson Greer said on Sunday that `it's really going to depend` on the two presidents, with President Donald Trump signaling potential reciprocal visits with Chinese leader Xi Jinping.
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Trade War Monitor, Oct. 27: China, U.S. Near Trade Deal Ahead of APEC Summit
Trade War Monitor, Oct. 27: China, U.S. Near Trade Deal Ahead of APEC Summit - A threatened 100% tariff hike is off the table after negotiators reached a “basic consensus,” clearing the path for Presidents Trump and Xi to finalize an agreement in South Korea
US and China say a trade deal is drawing closer as Trump and Xi ready for a high-stakes meeting - WSVN 7News | Miami News, Weather, Sports
KUALA LUMPUR, Malaysia (AP) — 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
·Miami, United States
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Coverage Details
Total News Sources13
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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