US, China Agree on Preliminary Trade Framework Before Trump–Xi Meeting

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Oct 27, 2025 - 10:53 Updated: Oct 26, 2025 - 22:02
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US, China Agree on Preliminary Trade Framework Before Trump–Xi Meeting

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The United States and China have reached a preliminary deal on a range of trade issues, representatives from both sides said on Oct. 26, after two days of negotiations in Malaysia.

U.S. Treasury Secretary Scott Bessent said that a “very substantial framework” was established with Chinese trade negotiators in Kuala Lumpur, Malaysia, that would avoid additional 100 percent tariffs on Chinese products.

“President Trump gave me a great deal of negotiating leverage with the threat of the 100 percent tariffs,” Bessent said in an interview on NBC’s Meet the Press program on Oct. 26. “I believe we’ve reached a very substantial framework that will avoid that and allow us to discuss many other things with the Chinese.”

He said he expected Beijing to offer “some kind of a deferral” on its new rare earth export controls.

Meanwhile, China’s commerce ministry issued a statement confirming Vice Premier He Lifeng has reached an initial consensus after engaging in “frank, in-depth, and constructive” conversation with Bessent and U.S. Trade Representative Jamieson Greer.

The two sides discussed issues including port fees, the extension of the trade truce, fentanyl, agricultural products trade, and export controls, according to the statement published on the website of China’s Ministry of Commerce on Oct. 26.

Both parties agreed to iron out the specific details of the framework and go through their respective internal approval processes, it added.

“The U.S. position is tough,” China’s international trade negotiator, Li Chenggang, told reporters in Kuala Lumpur earlier on Oct. 26.

China and the United States had “more than a day of very intense discussion,” he added.

President Donald Trump has expressed high expectations of meeting Chinese leader Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation summit.

The Chinese regime’s foreign ministry said earlier this week that Xi will attend the regional summit in South Korea and hold bilateral meetings with foreign leaders, but wouldn’t confirm a sit-down with Trump.

Trump said at a White House press briefing on Oct. 22 that he wants a “deal on everything.” He has said he wants China to commit to buying soybeans, curbing exports of fentanyl precursor chemicals, and fair trading terms, including on rare earths.

Speaking to reporters on Oct. 24 on the South Lawn of the White House before departing for a week-long Asia tour, Trump told reporters that the issues of Taiwan, imprisoned Hong Kong pro-democracy activist Jimmy Lai, and Russia’s war in Ukraine would also be raised during the upcoming meeting with the communist regime leader.
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Catherine Yang and Tom Ozimek contributed to this report.
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