Trade frameworks with Argentina, El Salvador, Guatemala and Ecuador have all those countries pledging to "enhance cooperation with the United States to combat non-market policies and practices of other countries. The ... countries have also committed to identifying tools to align approaches to export controls, investment security, duty evasion, and other important topics."
After a visit from five Central Asian presidents, President Donald Trump posted on social media that Uzbekistan will do a combination of purchases of U.S. exports and investments in the U.S. worth almost $35 billion over the next three years. He said these purchases and investments would be in critical minerals, aviation, auto parts, energy and chemicals, infrastructure, agriculture and information technology.
The U.S. should drop tariffs on EU steel from 50% to 15% and suspend Section 232 investigations targeting EU products as part of the two sides' trade framework announced in August (see 2508200052), said Bernd Lange, the chair of the EU Parliament’s Committee on International Trade. He also said the EU should work in a sunset provision that would end the agreement if the two sides haven’t made progress in 18 months.
President Donald Trump told reporters after his trade talks with China that the U.S. didn't discuss allowing exports of Nvidia's new Blackwell advanced AI chip to China. "We're not talking about the Blackwell," he said Oct. 30 on Air Force One.
Treasury Secretary Scott Bessent said after two days of meeting with Chinese negotiators, he anticipates a threatened additional 100% tariff on Chinese goods won't come Nov. 1, and that the Chinese will defer their critical minerals export control licensing scheme.
President Donald Trump told reporters that unless China stops fentanyl shipments, resumes buying U.S. soybeans and stops playing "the rare earth game with us," he won't lower tariffs.
Two Asia Society Policy Institute experts said the readouts from the call over the weekend between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng suggest the call was mostly logistical, planning for the next round of talks in Malaysia.
President Donald Trump posted on social media that U.S. soybean growers are hurting "because China is, for 'negotiating' reasons only, not buying. We’ve made so much money on Tariffs, that we are going to take a small portion of that money, and help our Farmers. I WILL NEVER LET OUR FARMERS DOWN!"
When asked whether a broader trade agreement might be reached with China, beyond the current tariff truce, Treasury Secretary Scott Bessent said each of the four meetings has become more productive. There will need to be a fifth meeting before the truce expires Nov. 10, he told CNBC from London on Sept. 16. "I think the Chinese now sense a trade deal is more possible," he said.
After two days of talks between U.S. and Chinese officials, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer said that they and Chinese counterpart Vice Premier He Lifeng have a "framework" for a deal for China's Byte Dance to divest TikTok to U.S. buyers, and that deal will be completed on Sept. 19 as Chinese President Xi Jinping and President Donald Trump talk about the divestiture.