Trump says US and China set to ‘come away with’ a trade deal
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Asian stocks are rallying, after Donald Trump said the US and China are set to “come away with” a trade deal.
The current trade truce is set to expire on 1 November, but hopes of an extension lifted stocks across Asia.
US officials expect Beijing to postpone export controls on rare earths, following trade talks in Malaysia over the weekend. Treasury secretary Scott Bessent said on Sunday that US and Chinese officials had drawn up a “very substantial framework” for a trade deal.
