The United States and China wrapped up talks in Kuala Lumpur that market players called a welcome step toward cooling trade war tensions.

According to Reuters , senior negotiators met on the sidelines of the ASEAN summit as they try to head off a deeper fight over export controls and tariffs.

Trade War Talks Yield Preliminary Framework

Based on reports, negotiators outlined a preliminary framework aimed at easing points of friction ahead of a planned summit between US President Donald Trump and Chinese President Xi Jinping.

The Financial Times reported that Treasury Secretary Scott Bessent described the understanding as a “very positive” framework covering export controls, shipping tariffs and agricultural trade.

BREAKING: US Treasury Secretary Bessent says China is “ready” to mak

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