How will Trump’s ‘fantastic deal’ unfold, mulls US-China Business Council’s head

South China Morning PostCenterEN 2 min read 100% complete by Ji SiqiOctober 26, 2025 at 01:00 PM

AI Summary

medium article 2 min

US-China Business Council President Sean Stein suggests that US President Donald Trump's anticipated trade deal with China would revert to pre-April 1 conditions before tariffs were imposed. Stein predicts a 90-day tariff pause will be extended and identifies three key demands from the US: addressing fentanyl, resuming soybean purchases, and rare earths issues. The fifth round of trade negotiations began in Kuala Lumpur, aiming for a productive meeting between Trump and Chinese President Xi Jinping set for South Korea on Thursday. Both sides reportedly reached preliminary agreements on export controls, tariff truce extension, port fees, agricultural trade, and fentanyl-related cooperation during the Malaysia talks.

Key Topics & Entities

Kuala Lumpur 40% He Lifeng 40% Xi Jinping ×250% Shanghai 50% South Korea 50% US-China Business Council 60% Sean Stein ×270% Donald Trump ×480% China ×590% US ×490%

Keywords

trade war 90% us-china negotiations 85% tariff pause 80% trump-xi meeting 70% trade truce extension 65% fentanyl deal 60% soybean purchases 55% rare earths 50% bund summit 45% us-china business council 40%