A trade deal between the United States and China is movingcloser to completion after officials from both countries reached an initialconsensus for President Donald Trump and Chinese leader Xi Jinping to finalizeduring their upcoming meeting, officials from the world’s two largest economiesconfirmed on Monday.
Speaking with Reuters, China’s top trade negotiator LiChenggang noted that both sides had achieved a “preliminary consensus,” whileUS Treasury Secretary Scott Bessent characterized the outcome as “a verysuccessful framework.”
When asked how close the deal was to completion, Bessentremarked that its success would ultimately “depend on the two presidents.”
Last week, Trump expressed optimism that an accord waswithin reach, noting that “the Chinese want to make a deal and we want to makea deal.” The Republican president is due to meet Xi on Thursday in South Korea,the final leg of his Asian tour.
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