Asian stocks have surged on the back of a breakthrough in trade talks between the US and China. US President Donald Trump and PRC President Xi Jinping are expected to finalize a deal and avert an escalation in the world's biggest trade dispute. Markets rallied after US Treasury Secretary Scott Bessent said the threat of an additional 100% tariff on Chinese goods was "effectively off the table," following talks at the ASEAN summit. Bessent told broadcaster ABC that China had agreed to delay controls on rare-earth exports and make substantial soybean purchases from the US. Chapter Breakdown 0:00 China and US reach breakthrough in trade talks 2:23 Meredith Crowley, Professor of International Economics, Cambridge University, on the sticking points in the trade talks 7:50 Fraser Howie, economist and author, on why expectations on a US-China deal should be kept in check #rareearthcontrols #uschina #tradetalks For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
'No deal yet' - US and China agree to framework for a trade deal ahead of Trump-Xi meeting | DW News
3 std vor
Asian stocks have surged on the back of a breakthrough in trade talks between the US and China. US President Donald Trump and PRC President Xi Jinping are expected to finalize a deal and avert an escalation in the world's biggest trade dispute. Markets rallied after US Treasury Secretary Scott Bessent said the threat of an additional 100% tariff on Chinese goods was "effectively off the table," following talks at the ASEAN summit. Bessent told broadcaster ABC that China had agreed to delay controls on rare-earth exports and make substantial soybean purchases from the US. Chapter Breakdown 0:00 China and US reach breakthrough in trade talks 2:23 Meredith Crowley, Professor of International Economics, Cambridge University, on the sticking points in the trade talks 7:50 Fraser Howie, economist and author, on why expectations on a US-China deal should be kept in check #rareearthcontrols #uschina #tradetalks For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
