US and China agree framework of trade deal ahead of Trump-Xi meeting

BBC News - WorldCenterEN 3 min read 100% complete October 26, 2025 at 05:00 PM

AI Summary

medium article 3 min

The US and China have agreed on a framework for a potential trade deal ahead of a meeting between Presidents Donald Trump and Xi Jinping this week in South Korea. The agreement includes a final deal on TikTok's US operations and deferral of China's tightened rare earth minerals controls. Treasury Secretary Steven Mnuchin stated that the 100% tariff threatened by Trump on Chinese goods is unlikely to be implemented, while China will resume significant soybean purchases from the US. Both nations aim to prevent further escalation in their trade war. The discussions took place during the Association of Southeast Asian Nations (ASEAN) summit in Malaysia where both leaders are attending.

Key Topics & Entities

Association of Southeast Asian Nations (Asean) 40% Malaysia 40% TikTok 50% South Korea 50% Xi Jinping ×270% Donald Trump ×480% US ×5100% China ×7100%

Keywords

trade deal 100% us-china trade war 90% tariffs 80% trump-xi meeting 80% trade negotiations 70% rare earth minerals 70% tiktok's us operations 70% asean summit 60% economic relations 50% silk road economies 50%