The US and China are trying to stop the trade war. What the media is writing
Representatives of the United States and China involved in trade negotiations reported that they had managed to reach an understanding on several key differences. This created the basis for a possible trade agreement between the leaders of the two countries, Donald Trump and Xi Jinping. Their meeting is scheduled for October 30th. What the foreign media write about the agreements between Washington and Beijing is in the Izvestia digest.
China Daily: China and the United States have reached a consensus
After two days of talks in Malaysia, China and the United States reached a preliminary consensus on key issues such as the suspension of tariffs, trade in agricultural products and export controls. The talks were held in a "frank and constructive" atmosphere, and both sides agreed to continue working out the details and approve the agreements at the national level.
China Daily
According to Gao Lingyun, a researcher at the Institute of World Economy and Politics of the Chinese Academy of Social Sciences, the consensus reached will not be able to persist if the United States continues to undermine the trust that underlies it with its unilateral and protectionist actions. He stressed that it is extremely important that the United States, together with China, take concrete steps and faithfully fulfill their commitments made during the negotiations, thereby creating conditions for further dialogue and cooperation that will benefit both countries and the world.
Chinese Vice Premier He Lifeng stressed that countries should adhere to the principles of mutual respect and mutually beneficial cooperation, and the United States should work with China in the same direction to strengthen trust and manage differences.
The talks took place against the backdrop of a new wave of trade tensions: the United States imposed additional export restrictions and port charges, to which Beijing responded with countermeasures. Despite this, experts and businesses express hope for an extension of the tariff truce and more stable long-term relations between the two largest economies in the world.
Reuters: U.S.-China talks may stop trade war
Senior Chinese and US economic officials on the sidelines of the ASEAN summit in Kuala Lumpur agreed on the framework of a trade agreement that US President Donald Trump and Chinese President Xi Jinping are due to approve later this week. The deal involves suspending the increase in US tariffs and postponing Chinese export restrictions on rare earths. US Treasury Secretary Scott Bessent said that the threat of 100% tariffs has been eliminated since November 1, and China is likely to resume purchases of American soybeans.
Reuters
Trump and Xi are expected to meet on Thursday on the sidelines of the APEC summit in Gyeongju, South Korea, to approve the terms of the deal. While the White House has officially announced these talks, China has not yet confirmed the leaders' meeting.
Chinese representatives confirmed the achievement of a "preliminary consensus," noting that the negotiations were tense but constructive. Trump and Xi are expected to meet at the APEC summit in South Korea to approve the terms of the deal. Among the topics discussed are trade cooperation, the export of rare earths, the fate of TikTok, as well as issues of Taiwan and the arrested Hong Kong media mogul Jimmy Lai.
Financial Times: The United States expects China to postpone the introduction of restrictions
U.S. Treasury Secretary Scott Bessant said China's restrictions on exports of minerals used in fighter jets, smartphones and electric vehicles could be postponed for a year. China and the United States have also reached a "tentative consensus" on export controls, fentanyl, and the extension of the trade truce, which expires on November 10. It is expected that the truce will be extended for a period exceeding the previous 90 days, which will ensure the stability of the global economy and relations between the two countries.
Financial Times
Beijing's announcement of large-scale restrictions this month caused a sharp escalation in trade tensions between the world's two largest economies and jeopardized plans for the first Trump-Xi summit since 2019. After the talks in Kuala Lumpur, a senior U.S. official told the Financial Times that Beijing's alleged delay was related to Washington's threat to impose additional tariffs, as well as pressure from other countries dependent on the supply of these minerals.
During the negotiations, China pledged to resume purchases of American soybeans and consider measures to stop exporting chemical components for fentanyl. The Trump administration is facing pressure from farmers affected by the reduction in Chinese purchases. At the same time, Trump concluded trade and mineral agreements with Malaysia and Cambodia and signed framework agreements with Thailand and Vietnam, as well as attended the signing of the peace treaty between Cambodia and Thailand.
Bloomberg: Trump expects fruitful conversation with Xi
Trump expects fruitful talks with Chinese President Xi Jinping this week. He claims that a TikTok deal is close. If Trump's talks and his visit to Asia are successful, it will be a significant victory for the United States.
Bloomberg
By strengthening U.S. ties with China's neighbors, Washington will also have more opportunities to stand up to Beijing — if they can put aside the fact that Trump has used tariffs as a tool to gain additional investment and trade commitments. However, this is still a big question.
Trump is now hinting at "interesting trips" in 2026. He said he had practically agreed on a visit to China next year, after which Xi would probably come either to Washington or Palm Beach.
Global Times: the world is looking forward to good news from China and the United States
Malaysia hosted another round of Sino-American economic and trade negotiations, which took place in a constructive and frank atmosphere. The parties discussed tariffs, cooperation in the fight against fentanyl, trade in agricultural products and export control. The United States and China agreed to work out the details later.
Global Times
Since May of this year, the economic and trade teams of China and the United States have already held five rounds of negotiations. Despite the difficulties and twists, there is a general trend towards the search for progress and breakthroughs. This fully demonstrates that with mutual respect and equal consultations, the two countries are able to find ways to solve mutual problems. The key to success is to remain committed to the strategic leadership of the two leaders and to strictly implement the agreements reached.
As President Xi Jinping emphasized, China and the United States can thrive together for the benefit of the entire world. Economic cooperation between the two largest economies should serve as a bridge to build trust and prevent confrontation. Trade wars do not benefit either side, so it is important for the world that China and the United States continue to meet each other halfway, building trust, deepening cooperation, and bringing more good news to the world.
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