U.S.–China Envoys Agree to Pause Tariffs Ahead of Trump–Xi Summit

Senior economic officials from Washington and Beijing met in Kuala Lumpur to preserve momentum for next week’s Trump–Xi summit. Both sides agreed to halt new tariffs worth $11 billion for 30 days and resume tech-transfer discussions to avoid a renewed trade war. Diplomats called the talks constructive, though sensitive issues such as semiconductor controls and intellectual-property access remain unresolved. Markets welcomed the pause as a sign of temporary de-escalation amid slowing global trade and rising supply-chain pressures.