China's top trade negotiator, Li Chenggang, told reporters the two had reached a "preliminary consensus," while Trump's treasury secretary, Scott Bessent, said there was "a very successful framework."

A trade deal between the United States and China is drawing closer, officials from the world's two largest economies said Sunday as they reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting.

US and Chinese officials have reached a framework agreement, averting a potentially ruinous 157% tariff on Chinese goods while paving the way for a potential trade deal to be discussed between President Donald Trump and Chinese leader Xi Jinping later this week.

The signing of the upgraded Asean-China Free Trade Area (ACFTA 3.0), the closing ceremony of the 47th Asean Summit and Related Summits, and the

KUALA LUMPUR >> Top Chinese and U.S. economic officials agreed on the framework for a trade agreement on Sunday as U.S. President Donald Trump said he was confident of hashing out a deal with Chinese President Xi Jinping when they meet in the coming days.

KUALA LUMPUR, Malaysia -- A trade deal between the United States and China is drawing closer, officials from the world’s two largest economies said Sunday as they reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting.

The United States signed a flurry of deals on trade and critical minerals with four Southeast Asian partners on Sunday, looking to address trade imbalances and diversify supply chains amid tighter export curbs on rare earths by China.