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US, China agree on trade...
Financial Express Chandigarh
|October 27, 2025
HE SAID TRUMP and Xi would discuss soyabean and agricultural purchases from American farmers, more balanced trade and resolving the US fentanyl crisis, which was the basis of 20% US tariffs on Chinese goods.
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China's Lisaid both sides had reached a"preliminaryconsensus' and will next gothrough their respective internal approval processes.
"The US position has been tough," Li said."We have experienced very intense consultations and engaged in constructive exchanges in exploring solutions and arrangements to address these concerns."
Trump arrived in Malaysia on Sunday for a summit of the Association of Southeast Asian Nations, his first stop in a fiveday Asia tour that is expected to culminate ina face-to-face with Xiin South Korea on October 30. After the talks, he struck a positive tone, saying,"I think we're going to havea deal with China’.
Trade truce
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