'No deal yet' - US and China agree to framework for a trade deal ahead of Trump-Xi meeting | DW News

Asian stocks have surged on the back of a breakthrough in trade talks between the US and China. US President Donald Trump and PRC President Xi Jinping are expected to finalize a deal and avert an escalation in the world's biggest trade dispute.
Markets rallied after US Treasury Secretary Scott Bessent said the threat of an additional 100% tariff on Chinese goods was "effectively off the table," following talks at the ASEAN summit. Bessent told broadcaster ABC that China had agreed to delay controls on rare-earth exports and make substantial soybean purchases from the US.

Chapter Breakdown
0:00 China and US reach breakthrough in trade talks
2:23 Meredith Crowley, Professor of International Economics, Cambridge University, on the sticking points in the trade talks
7:50 Fraser Howie, economist and author, on why expectations on a US-China deal should be kept in check

#rareearthcontrols
#uschina
#tradetalks

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Post from DW News on October 27, 2025

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