Both sides have agreed to a trade deal framework ahead of an upcoming meeting between Trump and Xi, Scott Bessent has said
The US and China have agreed on a trade deal framework ahead of this week’s meeting between President Donald Trump and Chinese leader Xi Jinping, Treasury Secretary Scott Bessent told NBC. The agreement includes plans to halt a proposed 100% tariff on Chinese goods starting November 1, he added.
Bessent said that during negotiations with Chinese Vice Premier He Lifeng and top trade negotiator Li Chenggang, at the ASEAN Summit in Malaysia, an agreement was reached where Beijing would postpone its export restrictions on rare…
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