Kuala lumpur: US President Donald Trump expressed his optimism on Sunday over reaching a trade agreement with his Chinese counterpart Xi Jinping, ahead of a meeting between the two leaders slated for later this week. According to Kuwait News Agency, after two days of talks between US and Chinese trade negotiators in the Malaysian capital, which yielded a preliminary framework for an agreement, Trump told the press that he believes that "we are going to have a deal with China," as he prepares to meet the Chinese president for talks on Thursday. After bilateral talks in Kuala Lumpur, US Treasury Secretary Scott Bessent said that a "very substantial framework" with Beijing had been reached, while Chinese Trade Representative Li Chenggang said that the two sides managed to reach a "consensus." Washington and Beijing hope to de-escalate a potential trade war after Trump had threatened to levy a 100 percent tariff on Chinese goods in response to a quasi-monopoly held by China on the production and processing of r are earth minerals.
