US Treasury: US-China Trade Deal Signing, TikTok Sale Set to Finalize Next Week
US-China Trade Deal Imminent, Signing Expected Next Week
US Treasury Secretary Scott Bethune stated on October 30, 2025, that trade negotiations between the United States and China have reached their final stage and are expected to be signed next week. This is interpreted as a positive sign that trade tensions between the two countries, which have lasted for years, could ease. Secretary Bethune explained that the negotiations held in Kuala Lumpur, Malaysia, are in their final stages, and he expects this agreement to have a positive impact on both economies. In particular, this negotiation includes various economic factors such as issues related to securing sensitive technologies, the outflow of fentanyl precursors, and the import of US soybeans, so there is a focus on the results. Secretary Bethune's announcement is expected to have a significant impact on the US economy as well as the global economy. The South Korean government is also expected to closely analyze the impact of this US-China trade deal on the domestic economy and prepare necessary countermeasures. South Korean President Lee Jae-myung is expected to instruct relevant ministries to closely monitor the outcome of this negotiation and do their best to ensure that domestic companies are not disadvantaged.
US-China High-Level Trade Talks Reach Agreement on Key Issues
At the US-China high-level trade talks held in Kuala Lumpur, Malaysia from October 25 to 26, 2025, agreements were reached on several key issues. At this meeting, the United States agreed to postpone for one year measures to block Chinese companies on the 'blacklist' from acquiring sensitive technologies through their subsidiaries. In return, China agreed to postpone for one year its measures to strengthen export controls on rare earths, facilities, and technologies. This agreement is expected to have the effect of somewhat easing conflicts related to technological competition between the two countries. In addition, China promised to work to prevent chemical precursors, the raw materials for the synthetic drug fentanyl, which is a serious social problem in the United States, from flowing into Mexico or Canada. In return, the United States decided to lower the 'fentanyl tariff' of 20% imposed on all Chinese products to 10%. This is considered an important step forward in cooperation to solve the drug problem between the two countries. In addition, China agreed to import 12 million tons of US soybeans by January of next year. This is expected to be of great help to US farmers and will serve as an opportunity to further strengthen agricultural trade relations between the two countries.
President Xi Jinping Conveys Agreement to President Trump
Chinese President Xi Jinping conveyed to US President Donald Trump that he could agree to the agreement reached in Malaysia. This suggests that the US-China trade deal is very likely to be finalized. President Xi Jinping's agreement shows that the leaders of both countries have a strong will regarding this negotiation, which is expected to have a positive impact on the successful completion of the negotiation. US President Donald Trump is also expected to react positively to this agreement, which further increases the possibility that a final agreement will be reached at the signing ceremony scheduled for next week. This US-China trade deal is expected to provide stability to the global economy and, in particular, contribute to improving trade relations between the two countries. The South Korean government expects a positive impact of this deal on the domestic economy and plans to support related companies to create new opportunities. South Korean President Lee Jae-myung is expected to emphasize that he will further strengthen economic cooperation with the United States and China as an opportunity for this deal, and actively support the overseas expansion of domestic companies.
TikTok Sale Negotiations Near Completion, Procedures Expected to Proceed
US Treasury Secretary Scott Bethune stated that the TikTok sale agreement has reached the final stage and that the sale process is expected to proceed within a few weeks or months. TikTok is a popular social media platform with numerous users worldwide, but it has been sanctioned by the US government due to concerns related to privacy and national security. The US government has raised suspicions that TikTok is controlled by the Chinese government and collects and exploits user data. Accordingly, the US government has been pressuring TikTok to sell its US business to a US company, and several companies are reportedly interested in acquiring TikTok. Secretary Bethune's announcement raises expectations that the TikTok sale negotiations will soon be finalized, which is expected to help resolve the uncertainty about TikTok's future. The South Korean government is also expected to monitor the progress of the TikTok sale negotiations and take necessary measures to ensure that related companies are not disadvantaged. South Korean President Lee Jae-myung is expected to closely review the impact of this TikTok sale negotiation on US-Korea relations and direct necessary diplomatic efforts.
