U.S., China tee up sweeping trade deal for Trump, Xi to finish

The Japan TimesCenterEN 1 min read 100% complete by Daniel FlatleyOctober 26, 2025 at 11:25 PM

AI Summary

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Top U.S. and Chinese trade negotiators have reached a preliminary agreement on several contentious issues including export controls, fentanyl regulation, and shipping fees after two days of talks in Malaysia that concluded Sunday. The deal sets the stage for President Donald Trump and Chinese President Xi Jinping to finalize an accord aimed at easing trade tensions affecting global markets. U.S. Treasury Secretary Scott Bessent stated that the threat of 100% tariffs on Chinese goods is "effectively off the table" and anticipated substantial soybean purchases from China, along with a deferral on rare earth controls by Beijing. The U.S., however, will maintain its current export controls targeting China.

Key Topics & Entities

Malaysia 40% Scott Bessent 60% Xi Jinping 75% Donald Trump ×280% US ×495% China ×395%

Keywords

trade deal 90% u.s. 80% china 80% trade tensions 70% global markets 60% sweeping rare earth controls 50% export controls 50% shipping levies 40% substantial soybean purchases 40% fentanyl 40%