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

The Guardian - World NewsCenter-LeftEN 3 min read 100% complete by Lisa O’CarrollOctober 27, 2025 at 01:18 AM

AI Summary

medium article 3 min

The US and China have agreed to a framework for a trade deal ahead of President Donald Trump's meeting with Chinese President Xi Jinping at the Association of Southeast Asian Nations (ASEAN) summit in Malaysia. The agreement aims to prevent 100% tariffs on Chinese imports starting November 1st and includes discussions on the sale of TikTok in the US. China agreed to delay export controls on minerals used in fighter jets, smartphones, and electric vehicles for a year as part of this truce. Both countries' trade negotiators stated they reached preliminary consensus and will proceed with internal approval processes. The deal reduces the risk of an all-out global trade war that threatened car production across Europe and the UK.

Key Topics & Entities

Luiz Inácio Lula da Silva ×235% Scott Bessent ×240% South Korea 40% Li Chenggang 40% Malaysia ×350% Association of South-east Asian Nations (Asean) ×260% Xi Jinping ×375% Donald Trump ×480% China ×5100% US ×6100%

Keywords

trade deal 90% us-china relations 85% xi-trump meeting 80% tariffs 75% tiktok sale 65% rare earth minerals 60% asean summit 55% trade tensions 50% global trade war 45% export controls 40%