US-China Hail Progress In Trade Talks
Officials from the United States and China said they have made significant progress in ongoing trade discussions held during the ASEAN summit. The developments have raised expectations that U.S. President Donald Trump and Chinese President Xi Jinping could move closer to finalising an agreement at their upcoming meeting.
Key Developments
Negotiators highlighted that the framework under discussion involves scaling back U.S. tariff threats and delaying China’s planned export controls on key minerals. While no binding deal has been signed yet, both sides suggested that tensions have eased compared to earlier standoffs.
Outlook And Challenges
Global markets have reacted positively to signs of cooperation, though experts warn that fundamental disputes remain unresolved. Issues such as forced technology transfer, state subsidies in China, and rare-earth export policies are still points of contention. The eventual success of the deal depends on whether Trump and Xi can agree on detailed enforcement measures and timelines during their high-level talks.
