US and China say a trade deal is drawing closer
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China, Trump and Malaysia
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Xi, Trump and China
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Treasury Ssecretary Scott Bessent says there are initial agreements to stop the precursor chemicals for fentanyl coming into the U.S. and to purchase soybean and other agricultural products.
East Asian nations must uphold openness and cooperation to safeguard regional growth and resist protectionism, said Chinese Premier Li Qiang.
The Chinese and U.S. delegations reconvened on Sunday for the second day of talks on economic and trade issues.
Economic officials from China and the U.S. reached a preliminary consensus after discussions on a range of issues including the extension of their trade truce, fentanyl and export controls, China's top trade negotiator Li Chenggang said in Kuala Lumpur on Sunday.
Trade talks between the United States and China were moving towards a point where President Donald Trump and President Xi Jinping can have a productive meeting this week, U.S. Trade Representative Jamieson Greer said in Kuala Lumpur on Sunday.
Signs of thawing U.S.-China tensions boosted markets Monday, with Asia indexes and U.S. futures gaining, and sentiment lifted by progress on regional trade deals during President Trump’s Asia visit.