US and China say a trade deal is drawing closer
Digest more
Treasury Ssecretary Scott Bessent says there are initial agreements to stop the precursor chemicals for fentanyl coming into the U.S. and to purchase soybean and other agricultural products.
ASEAN Summit 2025 LIVE Updates: Ahead of US President Donald Trump and Chinese President Xi Jinping's meeting in South Korea, US Treasury Secretary Scott Bessent said that the 100% tariff on China is "effectively off the table".
Economic officials from China and the U.S. reached a preliminary consensus after discussions on a range of issues including the extension of their trade truce, fentanyl and export controls, China's top trade negotiator Li Chenggang said in Kuala Lumpur on Sunday.
From Kuala Lumpur to Gyeongju, President Trump is casting himself as a deal-maker and peace negotiator, while a wary region looks for tariff relief and steadier ties.
President Donald Trump landed in Malaysia early Sunday local time, in what is the first part of his trip to Asia that will see him attend the Association of Southeast Asian Nations leaders summit. Trump touched down in Kuala Lumpur,