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