Ana Swanson covers international trade and reported from Washington.
news analysis
Image
Trump administration officials have hailed the makings of a potential trade deal that could have China buy American soybeans and pause the introduction of its new licensing system on rare earth minerals, while the United States pauses or removes some of its tariffs.
It remains to be seen what might be agreed when President Trump meets the Chinese leader Xi Jinping this week. But those and the other measures that U.S. officials have mentioned appear to largely restore the relationship to a status quo from earlier this year, before Mr. Trump began his latest trade war with Beijing.
The United States and China have shown their willingness to repeatedly escalate trade tensions and hurt companies that do business across the Pacific, before walking back measures and striking a truce. But the truces have quickly crumbled, calling into question how durable a new agreement would be.
Speaking on ABC News on Sunday, Scott Bessent, the Treasury secretary, said American and Chinese negotiators who met in Malaysia over the weekend had “reached a substantial framework” for the two leaders to discuss when they meet in South Korea on Thursday.
He said that a 100 percent increase in United States tariffs on Chinese exports scheduled for Nov. 1 had been averted, and that China had agreed to delay a rare earths licensing system “for a year while they reexamine it.” The Chinese also agreed to help the United States stop the flow of chemical ingredients used to make illicit fentanyl, and make “substantial agriculture purchases for U.S. farmers,” Mr. Bessent said.
On social media, Brooke Rollins, the secretary of agriculture, praised the planned soybean purchases as “big news.” She added, “China’s commitment to make substantial purchases of U.S. soybeans brings the market BACK into balance and secures years of prosperity for American producers.”
But critics said the Trump administration appeared to be claiming credit for solving a crisis of its own making. China stopped its soybean purchases earlier this year, after it put a tariff on American soybeans in retaliation for the tariffs Mr. Trump had placed on Chinese products in April.
Though the Chinese government had clearly been developing its licensing system for rare earths for some time, it chose to enlarge the system following Mr. Trump’s sweeping “Liberation Day” tariffs in April. Beijing further expanded the system this month, after the United States put new restrictions on providing technology to thousands of additional Chinese companies.
Paul Triolo, a partner at DGA-Albright Stonebridge Group, a consultancy, said the Trump administration had been pursuing a policy of “escalating to de-escalate,” which he called “a losing strategy.” He pointed out that this was the fifth meeting of trade talks that had been dominated by China’s curbs on rare earths.
“Both sides can hurt each other,” Mr. Triolo said. “All it’s done is reduce market share for companies across the board.”
Mr. Trump’s deal-making is famously unpredictable, and his meeting with Mr. Xi could result in other deals. Chinese officials have floated the possibility of more substantial purchases of U.S. products, as well as greater Chinese investment in the United States. In another interview, on NBC’s “Meet the Press,” Mr. Bessent said the two sides would probably discuss “more balanced trade,” as well as “President Trump’s global peace plan.”
But talks have been much less intensive than in Mr. Trump’s first term, when negotiators went back and forth for months to hammer out a 90-page trade agreement on issues ranging from intellectual property and banking to agriculture. On Friday, the Trump administration said it was beginning an investigation into China’s failure to comply with the terms of that agreement.
Jonathan A. Czin, a fellow at the Brookings Institution, a Washington think tank, pointed out that Mr. Xi was coming to the meeting after announcing China’s next five-year plan, which calls for intensifying the country’s focus on manufacturing and technology. Those plans run counter to longstanding U.S. concerns about China’s unfair trade practices, which ostensibly started their trade clash, he said. But those topics appeared to be largely absent from the agenda.
“It’s really striking to me that, not only are they not even discussing it, we’re discussing one issue at a time,” Mr. Czin said. “We’re talking about TikTok, or about soybeans, these kind of sectoral or even firm-specific issues, rather than talking about the big, meaty, substantive issue that may have been at the heart of this at the outset.”
Image
The United States is giving Mexico more time to make trade policy changes to avoid an increase in tariffs that had been set to go into effect on Saturday, President Claudia Sheinbaum of Mexico said Monday.
“For the time being, there is no situation that would lead to a special tariff being imposed on Nov. 1,” Ms. Sheinbaum said.
In July, Mr. Trump threatened to put 30 percent tariffs on all goods from Mexico, but then gave the country a 90-day reprieve so it could negotiate with the United States. That reprieve was set to expire on Saturday. When the two presidents spoke Saturday, Ms. Sheinbaum said, they agreed to give Mexico more time to address U.S. demands to lower what it called nontariff barriers to trade.
The White House is asking Mexico to remove what it calls 54 barriers to trade that aren’t tariffs, such as disputes about intellectual property. Ms. Sheinbaum said Monday in her daily news conference that she and Mr. Trump agreed to give it “a few more weeks” to finalize that pending issue.
Mr. Trump has already placed a 25 percent tariff on Mexican imports that don’t comply with the U.S.-Canada-Mexico free trade agreement. Since he did so, Mexican companies have made changes so their goods comply with the agreement and avoid the tariffs. Mexican officials have said nearly 90 percent of the country’s exports to the United States now comply and thus are not subject to the levies.
It is unclear if Mr. Trump’s threatened 30 percent tariffs would constitute an increase of five percentage points on the existing tariffs or an entirely new set of levies.
Mexico and the United States are each other’s largest trading partners. Unlike Canada, to which Mr. Trump has taken an increasingly bellicose approach, Mexico has been able to forge a collaborative relationship with the Trump administration, in part because Mexico has made major concessions on security and immigration to appease Mr. Trump.
Image
President Trump said that he underwent magnetic resonance imaging earlier this month, telling reporters aboard Air Force One on Monday that the results had been “perfect” but declining to say why his doctors had ordered the scan.
Mr. Trump also reiterated that he was interested in serving a third term, saying that he “would love to do it” because of his popularity with his supporters. Mr. Trump, who spoke to journalists for about 30 minutes on a flight to Tokyo from Kuala Lumpur, Malaysia, during his almost weeklong trip to Asia, seemed intent on presenting himself as fit to lead, if not run for the presidency again.
The Constitution sets a two-term limit for presidents, but Mr. Trump and his supporters have increasingly floated the possibility of finding a way to circumvent the 22nd Amendment, which states that “no person shall be elected to the office of the president more than twice,” regardless of whether the terms are consecutive.
In discussing his health, Mr. Trump offered a small new detail about the tests that the White House physician, Dr. Sean P. Barbabella, said the president had received during a recent visit to Walter Reed National Military Medical Center.
“I gave you the full results,” Mr. Trump said, mischaracterizing the summary that was released by his physician. The summary did not say that Mr. Trump had an M.R.I. scan and had few details on what testing the president had undergone. When asked why he had undergone an M.R.I., the president said, “you could ask the doctors.” Magnetic resonance imaging, a noninvasive technology that creates detailed images of the inside of the body, is often used for disease detection and monitoring, or to detect bone or joint abnormalities.
At 79, Mr. Trump is the oldest person to be elected president, and he would be well into his 80s by the end of his second term. Mr. Trump’s critics have speculated about his health in recent months after he repeatedly appeared on camera with bruises on the back of his hand and swollen ankles.
Karoline Leavitt, Mr. Trump’s press secretary, said at the time that his visit to Walter Reed earlier this month was part of a routine annual checkup, though he had already undergone a physical in April. Shortly after his latest visit, he traveled to the Middle East.
As he fielded questions on Monday, Mr. Trump seemed intent on presenting himself as the picture of physical and mental health, claiming, without evidence, that two Democratic lawmakers, Representatives Alexandria Ocasio-Cortez of New York and Jasmine Crockett of Texas, would not “pass” the cognitive health exams he has taken at Walter Reed. He did not say whether he took those exams during his last visit.
“Let A.O.C. go against Trump,” Mr. Trump said, talking about himself as a candidate in a hypothetical future presidential race. “Let Jasmine go against Trump. The first couple of questions are easy: a tiger, an elephant, a giraffe. When you get up to about five or six, then you get up to 10 and 20 and 25, they couldn’t come close to answering any of those questions.”
Mr. Trump didn’t specify which test he was talking about.
Last week, Stephen K. Bannon, Mr. Trump’s former strategist, said that he was part of “a plan” to help the president get elected to a third term.
“Trump is going to be president in ’28, and people ought to just get accommodated with that,” he said.
Canada’s Prime Minister Mark Carney, left, said on Monday that he will meet with Chinese President Xi Jinping, later this week.Edgar Su/Reuters; Pool photo by Ken Ishii
With U.S. relations at a new low, Prime Minister Mark Carney said on Monday that he would meet with China’s top leader — signaling a pivot to Asia and a potential breakthrough in ties after years of acrimony between the two countries.
Canada’s government has repeatedly come under fire from President Trump, who recently suspended trade talks with Canada and said he would increase tariffs on its goods as punishment for a television ad — paid for by the Ontario government — that used audio of former President Ronald Reagan denouncing tariffs.
Speaking in Malaysia on Monday, Mr. Carney said that he will meet with Xi Jinping, China’s top leader, later this week at the Asia Pacific Economic Cooperation meeting in Gyeongju, South Korea.
Relations between China and Canada have been in steady decline since 2018, when Canada detained a Chinese executive on behalf of the United States. Days later, the Chinese authorities detained two Canadian men, holding them for two and a half years. (All three were subsequently released in what was widely viewed as a prisoner swap.)
Mr. Carney’s predecessor, Justin Trudeau, had a rocky relationship with Mr. Xi. In 2022, Mr. Xi pulled Mr. Trudeau aside in front of cameras at a Group of 20 meeting and berated him — accusing the Canadian leader of leaking a conversation they had to the news media.
The former central banker of England and Canada and a business executive, Mr. Carney has decades of experience in dealing with the Chinese establishment.
He was circumspect on Monday about what the meeting with Mr. Xi may achieve.
“It is a country with whom we had no senior level contact for seven years,” Mr. Carney said, referring to China, in remarks to reporters in Kuala Lumpur, the Malaysian capital.
“We’re starting from a very low base and can move very substantially before we start to get to sensitive areas,” he added.
There was no immediate comment from the Chinese government about a meeting between Mr. Xi and Mr. Carney.
Canada is working on an end-of-year deadline to reach a free-trade agreement with the ASEAN nations, a negotiation that Mr. Carney has made a priority as he grapples with American tariffs.
China imposed tariffs on canola oil seeds and other canola products from Canada, which are major exports for farmers in that country. Those levies were linked to the 100 percent duties that Canada put on imports of Chinese electric vehicles.
Beijing is pushing for an end to the electric vehicle tariffs in exchange for dropping its canola tariff. Such a move would be likely to further inflame trade tensions with Mr. Trump.
In the wake of a breakdown in relations with President Trump, Prime Minister Mark Carney of Canada said on Monday that he would meet with Xi Jinping, China’s top leader, in South Korea later this week. Relations between China and Canada have been in steady decline since 2018 when an electronics executive from China was arrested in Canada at the request of the United States and China retaliated by imprisoning two Canadians.
At a news conference, Prime Minister Mark Carney of Canada was asked about his relationship with President Trump. He was asked how it went from warm and cordial earlier this month at the White House to the deep freeze late last week after the American leader increased tariffs on Canada after being offended by an advertisement from a Canadian province. “That’s a question for him,” Carney said before moving on to the next question.
Image
![]()
Javier C. Hernández
The meeting between President Trump and Emperor Naruhito lasted about a half hour. As he exited the palace, Trump pointed at the emperor and said, “A great man, great man,” before getting into his vehicle.
Treasury Secretary Scott Bessent said the United States may not finalize a trade deal with South Korea during President Trump’s visit this week. “It’s a very complicated deal and I think we’re very close,” he told reporters on Monday.
![]()
Javier C. Hernández
President Trump was greeted at the Imperial Palace by Japan’s emperor, Naruhito. The two men shook hands and smiled before heading into the palace for a meeting.
Video

Japan’s economy minister, Ryosei Akazawa, took Commerce Secretary Howard Lutnick to a Kabuki theater and for a sushi lunch in Tokyo on Monday. The two officials were the principal architects of a U.S.-Japan trade agreement. Akazawa and the deal he negotiated have drawn criticism in Tokyo, primarily over a pledge to finance a $550 billion U.S. investment fund, an arrangement some have said went too far in acceding to Washington’s demands.
Trump said his Japan trip would be about “great friendship” and that he was looking forward to meeting Sanae Takaichi, the country’s new prime minister. As Takaichi seeks reassurances from Trump on trade and security, she will likely play up her ties to Shinzo Abe, a former Japanese prime minister and Trump ally who was assassinated in 2022.
![]()
Javier C. Hernández
Reporting from Tokyo
The royal family faces a succession crisis. After Naruhito, there are only three men left in the line of succession, including his 89-year-old uncle, his 59-year-old brother and his 19-year-old nephew. Women are not allowed to ascend to the throne, a rule that Japan’s new prime minister, Sanae Takaichi, has promised to uphold.
![]()
Javier C. Hernández
Reporting from Tokyo
The U.S. president’s first stop is the Imperial Palace in Tokyo, where he will meet with Emperor Naruhito. The two last met in 2019, shortly after the emperor was enthroned. During that visit, Trump was the honored guest at an extravagant state dinner. There is no dinner planned this time, but the two are set to speak for at least 30 minutes.
Tokyo has significantly tightened security for President Trump’s visit. Barriers are blocking streets near the U.S. Embassy and the Akasaka Palace, where Trump is set to meet with Prime Minister Sanae Takaichi Tuesday. And Tokyo plans to deploy as much as 40 percent of its police force, about 18,000 officers.
Trump said he would be willing to meet with the North Korean leader, Kim Jong-un, later this week. He had signaled earlier in his Asia trip that he was waiting for Kim to reach out to him. Asked on Monday whether he would extend the trip if such a meeting came together, he said he hadn’t thought of that. But it would “be easy to do,” he added.
Video

Trump reiterated that he was pleased with the outcome of legislative elections in Argentina, boasting that he had helped President Javier Milei’s party clinch a decisive victory. “He was a big victor, and he had a lot of help from us,” Trump said. “I gave him an endorsement, a very strong endorsement.”
Video

Responding to reports that Russia had successfully tested its nuclear-powered and nuclear-capable Burevestnik missile, Trump said he wasn’t worried about the latest show of aggression. “They know we have a nuclear submarine, the greatest in the world, right off their shores,” Trump said. “They’re not playing games with us. We’re not playing games with them either.”
When asked whether he would run for a third term, Trump deflected, boasting about his cognitive abilities and insulting the field of talent within the Democratic Party. He disparaged the intelligence of two Democratic lawmakers, representatives Alexandria Ocasio-Cortez of New York and Jasmine Crockett of Texas, and said that Republicans have several viable candidates. “One of them is standing right here,” Trump said of Secretary of State Marco Rubio, who was in the cabin.
Image

1 month ago
24










English (US) ·