Reuters World News US-China deal, Russian nuclear missile, Argentina and Turkey
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Oct 27, 2025 The U.S. and China are gearing up to sign a trade deal that could reshape their economic relationship. Meanwhile, Russia tests a new nuclear-powered missile, showcasing significant military advancements. In Argentina, the recent election victory of Javier Milei signals a push for market reforms. Additionally, the PKK announces a disarmament process in Turkey, prompting calls for prisoner releases and cultural recognition from Kurdish residents. Protests and violence erupt in Cameroon amid election disputes, highlighting ongoing global tensions.
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Preliminary US-China Trade Framework
- A preliminary US-China trade framework was agreed on the sidelines of the ASEAN summit and awaits Xi and Trump to sign it.
- The deal pauses some tariffs and rare-earth export controls but does not resolve deeper bilateral tensions.
Xi-Trump Meeting Tests Real Commitment
- Thursday's Xi-Trump meeting will let China explain its commitments in its own words and test whether both sides truly agree.
- The meeting won't reverse all tariffs or solve long-term strategic frictions between the two powers.
Markets Rally While US Diversifies Supply Ties
- Markets rallied on the prospect of a US-China truce, lifting stocks, copper, oil and soybean futures.
- Trump simultaneously deepened ties with Southeast Asia to hedge against overreliance on China for critical minerals.