US & China

US, China Tee Up Sweeping Trade Deal for Trump, Xi to Finish

President Donald Trump, center, speaks with Anwar Ibrahim, Malaysia's prime minister, after arriving at Kuala Lumpur International Airport in Sepang, Malaysia, on Oct. 26. — President Donald Trump, center, speaks with Anwar Ibrahim, Malaysia's prime minister, after arriving at Kuala Lumpur International Airport in Sepang, Malaysia, on Oct. 26.
Photographer: Samsul Said/Bloomberg

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By Daniel Flatley and Josh Xiao

October 26, 2025 at 2:53 AM UTC

Updated on

October 26, 2025 at 7:21 PM UTC

Top trade negotiators for the US and China said they came to terms on a range of contentious points, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal and ease trade tensions that have rattled global markets.

After two days of talks in Malaysia wrapped up Sunday, a Chinese official said the two sides reached a preliminary consensus on topics including export controls, fentanyl and shipping levies.