Chinese and U.S. Officials Reach Framework of a Trade Deal

New York Times - WorldCenter-LeftEN 4 min read 100% complete by Keith Bradsher and Zunaira SaieedOctober 26, 2025 at 04:26 PM

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Chinese and U.S. trade negotiators reached a preliminary agreement on several issues ahead of an expected meeting between President Trump and Xi Jinping this week. The talks took place in Kuala Lumpur, Malaysia, during a meeting of the Association of Southeast Asian Nations. Key topics included tariffs, export controls, rare earth metals, and cooperation against fentanyl trafficking. U.S. Trade Representative Jamieson Greer stated that they are moving towards finalizing an agreement for leaders to review. Treasury Secretary Scott Bessent noted that China might offer a deferral on its rare earth export controls and provide benefits for U.S. farmers as part of the framework. The leaders are expected to meet in South Korea later this week.

Key Topics & Entities

Scott Bessent 50% Li Chenggang 50% Association of Southeast Asian Nations 50% Malaysia ×260% Jamieson Greer ×260% Kuala Lumpur ×370% President Trump ×280% Xi Jinping 80% China ×490% US ×390%

Keywords

u.s.-china relations 100% trade deal 100% tariffs 80% negotiations 70% rare earth metals 60% export controls 50% fentanyl trafficking 50% association of southeast asian nations 50% donald trump 40% xi jinping 40%