US-China trade

US and China say a trade deal is drawing closer as Trump and Xi ready for a high-stakes meeting

China’s top trade negotiator, Li Chenggang, said the two sides had reached a “preliminary consensus.” US Treasury Secretary Scott Bessent said there was “a very successful framework”
Any agreement would be a relief to international markets even if it does not address underlying issues involving manufacturing imbalances and access to state-of-the-art computer chips

By AAP · 27 October 2025

By Reuters · 28 March 2024