China and US Reach Preliminary Trade Consensus Ahead of Trump-Xi Summit in South Korea

Oct 26, 2025 07:07 pm CST

Chinese and US officials have reached a "preliminary consensus" on trade following two days of negotiations in Malaysia, as announced by Vice Minister Li Chenggang. This development comes just days before US President Donald Trump and Chinese President Xi Jinping are set to meet in South Korea, potentially signaling progress in addressing bilateral trade concerns between the world's two largest economies.