China's top trade negotiator Li says reached consensus with US after KL trade talks

BEIJING: Economic officials from China and the U.S. reached a preliminary consensus after discussions on a range of issues including the extension of their trade truce, fentanyl and export controls, China's top trade negotiator Li Chenggang said in Kuala Lumpur on Sunday.

AI Brief

US and Chinese officials held talks at the ASEAN Summit to ease trade tensions and extend their fragile truce.
Discussions covered trade, fentanyl, export controls and broader bilateral issues.
China's top negotiator confirmed a preliminary consensus but did not disclose specific terms.

Li, alongside Vice Premier He Lifeng, held talks with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer to de-escalate a trade war on the sidelines of the Association of Southeast Asian Nations summit.

Li did not provide details on the agreed-upon issues and terms.