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Marketplace All-in-One

Trying to keep a fragile trade truce alive

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 16 October 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

U.S. and Chinese officials are getting together on the sidelines of International Monetary Fund and World Bank meetings in Washington to try and preserve a fraying trade truce. Yesterday, Treasury Secretary Scott Bessent offered a ray of hope, ahead of a planned meeting between President Donald Trump and Chinese President Xi Jinping later this month. Plus, what economic picture is non-governmental data painting right now? And, we’ll hear how some countries are vying for a piece of the AI revolution.

Transcript

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0:57.7

Trying to keep a fragile trade truce alive. From Marketplace, I'm Sabri Benishore,

1:04.6

in for David Bruncaccio. U.S. and Chinese officials are getting together on the sidelines

1:09.2

of international monetary fund and

1:10.9

World Bank meetings in Washington to try and preserve a fraying trade truce.

1:16.5

Yesterday, Treasury Secretary Scott Besson offered array of hope.

1:20.1

Marketplaces, Nancy Marshall Genser has the latest.

1:22.2

In the latest trade spat, President Trump threatened China with an additional 100% tariff, and Beijing said it

1:29.3

would tighten export controls on rare earths. Both sides rolled out port fees on each other's

1:35.2

ships. There has been a shaky tariff truce for the past six months, which kept lower duties in

1:40.9

place. It's set to expire November 10th. Yesterday, Treasury Secretary Scott Bessent

1:46.2

said it could be extended if China holds off on the rare earth export controls.

1:51.0

So is it possible that we could go to a longer role in return for a delay? Perhaps. But all that's

2:00.6

going to be negotiated in the coming weeks before the

2:05.0

leaders meet Korea. South Korea will be hosting the Asia-Pacific Economic Cooperation Forum at the

2:10.9

end of this month. Bessent said, as of Tuesday night, President Trump was expecting to meet with

...

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