The talks between the US and China this weekend were positive as the countries came to terms on a range of contentious points, setting the stage for leaders Donald Trump and Xi Jinping to finalize a deal this week,

US officials expect China to delay introducing sweeping export controls on rare earths, after two days of talks in Malaysia raised hopes that Donald Trump and Xi Jinping would agree to extend a trade truce at their high-stakes summit this week.

Chinese Vice Premier He Lifeng (right) and US Treasury Secretary Scott Bessentin pose for a photo on October 25, 2025 before China-US trade talks in Kuala Lumpur, Malaysia. Photo:

After two days of “constructive and far-reaching” talks in Malaysia, US Treasury Secretary Scott Bessent announced that Washington and Beijing have reached a “very successful” framework ahead of the anticipated Trump-Xi summit.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

U.S. President Donald Trump faces one of the toughest challenges of his second term when he meets Chinese President Xi Jinping in South Korea on Thursday, where the world's two largest economies will seek to avert an escalation of their trade war.