U.S. Treasury Secretary Scott Bessent speaks with reporters outside the West Wing of the White House, on Oct. 22, 2025. Jim Watson /AFP via Getty Images
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.
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