U.S. and China’s negotiators reached preliminary consensus on export controls, fentanyl trafficking and shipping levies after two days of talks at Malaysia summit.

Treasury Secretary Bessent said Trump’s threatened 100% tariffs are “effectively off the table” and Beijing is expected to resume substantial purchases of U.S. soybeans.

The tentative accord sets stage for a Trump-Xi summit Thursday, aiming to end months of escalating trade tensions roiling global markets.

Top trade negotiators for the U.S. and China said they came to terms on a range of contentious points, setting the table for Presidents Trump and Xi Jinping to finalize a deal and ease trade tensions that have rattled global markets.

After two days of talks in Malaysia wrapped up Sunday, a Chinese official said the two sid

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