Beijing: China’s top trade negotiator, Li Chenggang, announced on Sunday that Beijing and Washington have reached a “broad consensus” following a new round of trade talks held in Kuala Lumpur, signaling a cautious but significant breakthrough in efforts to stabilize the world’s most critical bilateral economic relationship.

The discussions, which took place on the sidelines of the ASEAN summit, brought together senior officials from both nations amid growing uncertainty over tariffs, export controls, and global supply chain resilience. Li said that both sides agreed on several key issues, including extending the current trade truce, strengthening cooperation on fentanyl regulation, and enhancing the transparency of export measures.

Speaking alongside Chinese Vice Premier He Lifeng, Li

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