A trade deal between the United States and China is drawing closer, officials from the world’s two largest economies said Sunday as they reached an initial consensus for President Donald

U.S. Trade Representative Jamieson Greer touted progress on a trade agreement with China but said he thinks the deal’s ultimate success depends on President Trump and Chinese President Xi Jinping.

Tensions between the U.S. and China escalated in the weeks leading up to a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping. In response to recent U.S. restrictions,

President Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.

But for most of its 16-year history, the BRICS has not positioned itself in opposition to the United States and its allies. Several BRICS members have even been close U.S. partners. Washington has built a strong trade relationship with Brazil,

A trade deal between the United States and China is drawing closer, officials from the world’s two largest economies said Sunday as they reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting.

US President Donald Trump announces massive tariffs and export controls on China while signalling an upcoming high-level meeting with Xi Jinping.