"The United States and China have hailed the outcome of trade talks in Malaysia, raising expectations that Donald Trump and Xi Jinping will seal a deal to de-escalate their trade war at their first meeting since 2019. US and Chinese officials on Sunday said the sides had made significant progress towards a deal as they wrapped a weekend of negotiations on the sidelines of the ASEAN summit in Kuala Lumpur."
"US Secretary of the Treasury Scott Bessent told reporters in Kuala Lumpur that the sides had come up with a framework for Trump and Xi to discuss in South Korea. Bessent said in a subsequent interview with NBC News that he expected the sides to reach a deal that would defer China's threatened export controls on rare earths and avoid a 100 percent tariff that Trump has threatened to impose on Chinese goods."
United States and China reported significant progress in Kuala Lumpur, producing a negotiation framework for leaders. President Donald Trump and Xi Jinping will meet on the sidelines of the APEC summit in Gyeongju. US Treasury Secretary Scott Bessent said negotiators expect a deal that could defer China's threatened export controls on rare earths and avoid a 100 percent tariff on Chinese goods. Beijing agreed to substantial purchases of US agricultural products that would help US soya bean farmers. Chinese Vice Premier He Lifeng said both sides reached a basic consensus and will finalise details and seek domestic approvals. Asian stock markets rose on hopes of easing tensions.
Read at www.aljazeera.com
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