Overview
- A U.S. Treasury spokesman said U.S. and Chinese delegations held "very constructive" talks in Malaysia, with sessions to continue before the planned Trump–Xi meeting in South Korea.
- The White House plans a leader‑level session on October 30, though Beijing’s public confirmation has been uneven, and markets are watching for signs of a truce extension or limited deal.
- Trump has threatened to raise total tariffs on Chinese imports to above 150% from November 1 if no agreement is reached, intensifying pressure on both sides.
- Trump says he will press Xi on fentanyl, Taiwan and China’s purchases of Russian oil, and he is seeking commitments on U.S. goods such as soybeans and aircraft.
- The trip starts in Malaysia for ASEAN and a Thailand–Cambodia peace signing, moves to Japan for talks with new Prime Minister Sanae Takaichi, and includes speculation about a Kim Jong Un meeting that officials say is not scheduled.