Merchandise 1 of two U.S. President Donald Trump speaks in the course of the ASEAN-U.S. Summit in Kuala Lumpur, Malaysia, October 26, 2025. Vincent Thian/Pool by way of REUTERS
[1/2]U.S. President Donald Trump speaks in the course of the ASEAN-U.S. Summit in Kuala Lumpur, Malaysia, October 26, 2025. Vincent Thian/Pool by way of REUTERS Purchase Licensing Rights
KUALA LUMPUR, Oct 26 (Reuters) – High Chinese language and U.S. financial officers on Sunday hashed out the framework of a commerce deal for U.S. President Donald Trump and Chinese language President Xi Jinping to finalize that might pause steeper American tariffs and Chinese language uncommon earths export controls and resume U.S. soybean gross sales to China, U.S. officers mentioned.
U.S. Treasury Secretary Scott Bessent mentioned the talks on the sidelines of the ASEAN Summit in Kuala Lumpur had eradicated the specter of Trump’s 100% tariffs on Chinese language imports beginning November 1. Bessent mentioned he expects China to delay implementation of its rare earth minerals and magnets licensing regime by a 12 months whereas the coverage is reconsidered.
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Chinese language officers had been extra circumspect in regards to the talks and supplied no particulars in regards to the consequence
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