File photos

 

The United States and China have established a framework for a potential trade deal, which will be discussed when President Donald Trump and Chinese President Xi Jinping meet later this week. Scott Bessent, speaking to a US news outlet, also mentioned a "final deal" regarding TikTok's US operations and a delay in China's restrictions on rare earth minerals. He expressed confidence that the 100% tariff on Chinese goods would not be enforced, with China resuming significant soybean purchases from the US.

 

Amidst tensions between the two economic powerhouses, Trump and Xi are set to meet on Thursday in South Korea. Bessent met with senior Chinese trade officials during the Asean summit in Malaysia, where discussions were deemed "constructive." The two nations have agreed on a substantial framework to avoid escalating their trade conflict, with tariffs expected to be averted.

 

Trump's approach has involved imposing and threatening tariffs on imports to revitalise US manufacturing. Although many countries have agreed to new deals, China faced the steepest levies. In response to tightened restrictions on rare earth exports by China, Trump proposed a 100% tariff on Chinese goods. The trade in rare earths, critical for electronics production, became a key bargaining point. China agreed to delay tightening these controls for a year.

 

Soybeans have been another source of disagreement, with China halting orders, affecting US farmers. Bessent indicated this boycott might end soon, saying US farmers would benefit from the China deal. He projected a positive outlook for the upcoming and future seasons.

 

Trump and Xi are reportedly finalising a deal on TikTok's US operations on Thursday. The US has pursued control over TikTok’s US segment from parent company ByteDance due to security concerns. A deadline for selling TikTok's US operations, previously extended, now stands in December. The US aims for Americans to control the algorithm and board seats.

 

Additionally, trade deals with Malaysia and Cambodia have been announced, with frameworks set with Thailand and Vietnam.

 

 

 

Key Takeaways

 

• The US and China agreed on a trade deal framework ahead of leader talks.
• Trump's tariff plans are on hold with China resuming soybean purchases.
• TikTok's US operations face a potential final deal soon.

Related Stories:

Trump and Xi Reignite Dialogue, Trump confirms China trip after 'very good' call

China Vows to ‘Fight to the End’ as US Threatens 104% Tariffs in High-Stakes Trade Showdown

 

 

  Adapted by ASEAN Now from BBC 2025-10-27

 

 

Oh dear this isn't going to sit well wifh a few posters on here. 

 

1 hour ago, blaze master said:

Oh dear this isn't going to sit well wifh a few posters on here. 

 

The PR says nothing about chairs or furniture imported from China.

9 minutes ago, jerrymahoney said:

The PR says nothing about chairs or furniture imported from China.

 

And here we have our first one folks. Many more to follow just give the thread time. 

 

 

3 minutes ago, blaze master said:

 

And here we have our first one folks. Many more to follow just give the thread time. 

First one what -- how can you sit well in imported Chinese chairs if they have 100% tariff?

 

1 minute ago, jerrymahoney said:

First one what -- how can you sit well in imported Chinese chairs if they have 100% tariff?

 

Har har. You funny sufferer you. 

 

1 hour ago, webfact said:

He expressed confidence that the 100% tariff on Chinese goods would not be enforced

 

I anxiously await your next npc response.

3 minutes ago, blaze master said:

I anxiously await your next npc response.

 

2 minutes ago, jerrymahoney said:

 

 

Exactly. 

US-China Trade Deal Framework Agreed Ahead of Leader Talks

 

This is the original Framework chair from Italy but there is most likely a Chinese knock-off.

5 minutes ago, jerrymahoney said:

US-China Trade Deal Framework Agreed Ahead of Leader Talks

 

This is the original Framework chair from Italy but there is most likely a Chinese knock-off.

 

Talk about having difficulty coping. I feel sorry for you. 

 

 

I worked in China for many years -- but back then they were poor.

3 hours ago, blaze master said:

Oh dear this isn't going to sit well wifh a few posters on here. 

 

Is it de ja vu or have we heard this framework spiel before???anyway let’s see if something happens remember especially when it comes to trump deeds not words..time will tell.

1 hour ago, Tug said:

Is it de ja vu or have we heard this framework spiel before???anyway let’s see if something happens remember especially when it comes to trump deeds not words..time will tell.

That's OK. Some people just have to have their 'let's get a leftie' jones fix for the day.

NY Times Headline - Analysis Oct. 27, 2025

 

Trump’s China Deal May Avert a Crisis of His Own Making
The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing.

2 hours ago, jerrymahoney said:

NY Times Headline - Analysis Oct. 27, 2025

 

Trump’s China Deal May Avert a Crisis of His Own Making
The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing.

Yup and those magga rubes just take the bait every time…sad 

As far as I'm aware, this is the third framework announced by the US, but none of the previous ones, or the current one, has been confirmed or commented on by China.