Top Chinese and US financial officers on Sunday hashed out the framework of a commerce deal for US President Donald Trump and Chinese President Xi Jinping to determine on later this week that may pause steeper American tariffs and Chinese uncommon earths export controls, US officers stated.

US Treasury Secretary Scott Bessent stated talks on the sidelines of the ASEAN Summit in Kuala Lumpur had eradicated the specter of Trump’s 100% tariffs on Chinese imports beginning Nov. 1.

Bessent additionally stated he expects China to delay implementation of its uncommon earth minerals and magnets licensing regime by a 12 months whereas the coverage is reconsidered.

President Trump meets with China’s President Xi Jinping in the beginning of their…



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Categories International News

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