The U.S. and China have reached a preliminary agreement on fentanyl and shipping levies, following two days of extensive talks, a Chinese official said, signalling a possible easing of tensions between the world's largest economies, Bloomberg reported.

Chinese Trade Representative Li Chenggang stated on Sunday that the discussions were constructive, covering issues such as export controls, extending the tariff truce, and expanding bilateral trade.

“The current turbulences and twists and turns are the ones that we do not wish to see,” Li told reporters, adding that a stable China-US trade and economic relationship is good for both countries and the rest of the world, according to the report.

Treasury Secretary Scott Bessent earlier told reporters in Kuala Lumpur that the talks were “

See Full Page