Top trade negotiators for the U.S. and China have come to terms on a range of contentious points, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal at a meeting scheduled for Thursday, easing trade tensions that have rattled global markets.
After two days of talks in Malaysia wrapped up Sunday, a Chinese official said the two sides reached a preliminary consensus on topics including export controls, fentanyl and shipping levies.
U.S. Treasury Secretary Scott Bessent, speaking later in an interview with CBS News, said Trump’s threat of 100% tariffs on Chinese goods “is effectively off the table” and he expected the Asian nation to make “substantial” soybean purchases as well as offer a deferral on sweeping rare earth controls. The U.S. wouldn’t change its export controls directed at China, he added.
U.S. and China tee up sweeping trade deal for Trump and Xi to finish
