China and US Reach Preliminary Consensus on Trade, Tariff Suspension

China and the United States have reached a preliminary consensus on several key trade issues, including tariff suspension, agricultural trade, and export controls, following two days of “constructive” talks in Kuala Lumpur. The discussions marked the fifth round of negotiations since May, signaling cautious optimism in efforts to stabilize bilateral economic relations.
Chinese Vice-Premier He Lifeng met with US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, emphasizing that cooperation benefits both nations while confrontation harms them. He urged both sides to uphold mutual respect and pursue win-win solutions through dialogue and consultation.
The talks covered a wide range of issues, such as the US Section 301 measures targeting Chinese industries, reciprocal tariff suspensions, law enforcement cooperation, and technology export restrictions. Officials from both countries agreed to refine the details of their agreements following domestic reviews, with hopes to extend the current “tariff truce” beyond its November 10 expiry.
Despite recent trade frictions — including new US export restrictions and China’s countermeasures — both sides appeared committed to maintaining dialogue. Analysts say sustained cooperation will depend on the US avoiding unilateral actions that could undermine trust. Business leaders and experts remain hopeful that the negotiations will pave the way for a more stable and open trading relationship between the world’s two largest economies.