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NPR News Now

NPR News: 10-26-2025 12PM EDT

26 Oct 2025

Transcription

Transcript generated automatically by AI and may contain errors.

What recent developments have occurred in U.S.-China trade relations?

0.706 - 20.048 Nora Rahm

Live from NPR News in Washington, I'm Nora Rahm. Treasury Secretary Scott Besson says the U.S. and China have reached a substantial framework for a deal on rare earth metals and tariffs. NPR's Luke Garrett reports Besson says the U.S. will not impose 100 percent tariffs on China for now.

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20.268 - 29.496 Scott Besson

Fresh from negotiations in Kuala Lumpur, Malaysia, Secretary Besson tells ABC that The stage is set for President Trump and Chinese President Xi Jinping to finalize a trade deal.

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29.636 - 33.281 Unknown

We've reached a substantial framework for the two leaders.

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33.541 - 44.415 Scott Besson

At issue are tightening Chinese restrictions on metals, materials, and magnets needed for U.S. cars, weaponry, and chips. Besson says Trump's threat of hiked levies delayed the new rare-earth licensing regime.

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44.395 - 57.718 Unknown

The president had given me maximum leverage when he threatened 100% tariffs if the Chinese imposed their rare earth global export controls. So I think we have averted that.

57.918 - 68.817 Scott Besson

Besant also says he expects China to revive their buying of U.S. soybeans, but he added nothing is final until Trump and Xi meet on Thursday. Luke Garrett, NPR News, Washington.

69.067 - 84.355 Nora Rahm

Candidates in the Virginia governor's race are making their closing arguments to voters ahead of Election Day on November 4th. Margaret Barthel of member station WAMU reports from a conservative political action conference event for the Republican ticket.

84.556 - 89.505 Margaret Barthel

Winsome Earl Sears is the current lieutenant governor and the GOP nominee for governor.

89.485 - 100.17 Winsome Earl Sears

Love is not having my daughter having to be forced to undress in a locker room with a man. That's not love.

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