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'No deal yet' - US and China agree to framework for a trade deal ahead of Trump-Xi meeting | DW News
Posted
October 27, 2025
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12:23Now PlayingAsian 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.
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