China and the United States reached a preliminary trade consensus after two days of intensive talks in Malaysia. The discussions signaled a cautious but meaningful step toward easing escalating trade tensions. The meeting reflected both nations’ willingness to find balance despite disputes over tariffs and export controls.
Chinese Vice Premier He Lifeng met with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer in Kuala Lumpur over the weekend. Both delegations described the exchanges as frank, in-depth, and constructive. The session marked the fifth round of negotiations since May.
Officials confirmed that both sides made progress on key topics, including tariff suspension, agricultural trade, and export restrictions. Although only preliminary arrangements were reached, this trade consensus showed renewed determination to stabilize relations amid global economic uncertainty.
He Lifeng said cooperation benefits both sides, while confrontation brings losses. He urged both countries to strengthen trust, manage differences, and expand cooperation through open dialogue.
Negotiators also discussed major sticking points. These included the US’s Section 301 measures on China’s maritime and logistics sectors, reciprocal tariff extensions, and law enforcement coordination on fentanyl-related issues. Export controls and agricultural trade policies were also on the agenda.
Li Chenggang, China’s international trade representative, said Beijing remains firm in protecting its interests while supporting dialogue. He emphasized that China follows the consensus set by recent presidential discussions and values the current stability in bilateral ties.
Tensions remain high despite the talks. Washington recently expanded export restrictions on advanced technologies and imposed new port fees on Chinese-built ships. Beijing responded with countermeasures, including limits on rare earth exports used in military applications.
Experts warned that the trade consensus could prove fragile if unilateral actions persist. Economist Gao Lingyun stressed that mutual trust must support any lasting agreement. He urged both countries to honor promises and act consistently to maintain progress.
Business leaders voiced cautious optimism. Sean Stein, president of the US-China Business Council, said extending the tariff truce beyond November 10 could build a base for long-term stability.
Many US firms still view China as essential. Steven Sare, Asia-Pacific managing director for Abercrombie & Fitch, said China remains their top market priority.
As both nations navigate economic rivalry, the trade consensus reached in Malaysia may serve as a critical step toward future cooperation if dialogue continues and mutual respect endures.
