Mon, 27 Oct 2025

Mon, 27 Oct 2025 US and China agree framework of trade deal ahead of Trump-Xi meeting

US trade secretary says the two will sign a deal on TikTok, while hinting at agreement on rare earths and tariffs.

* A framework agreement has been reached, which will be discussed by Trump and Xi Jinping on Thursday
* The 100% tariff on Chinese goods threatened by President Trump is unlikely to come into force
* China will resume substantial soybean purchases from the US
* A "final deal" has been agreed on TikTok's US operations, with the US arm set to be controlled by American companies
* China will delay its tightened rare earth minerals controls for a year while they re-examine them
* The trade war is expected to ease as both nations seek to avoid further escalation
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