U.S. and China tee up sweeping trade deal for Trump and Xi to finish
AI Summary
Top trade negotiators from the U.S. and China have reached a preliminary agreement on several contentious issues including export controls, fentanyl, and shipping levies following two days of talks in Malaysia that concluded Sunday. The deal sets the stage for leaders Donald Trump and Xi Jinping to finalize an accord aimed at easing trade tensions affecting global markets. U.S. Treasury Secretary Scott Bessent indicated that President Trump's threat of 100% tariffs on Chinese goods is now off the table, while China is expected to make substantial soybean purchases and defer sweeping rare earth controls. The U.S., however, will maintain its export controls targeting China.
Key Topics & Entities
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories