China and the US made significant progress in negotiations held in Malaysia. They reached a preliminary agreement regarding tariffs.

China's International Trade Representative Li Chenggang announced that the framework agreement will be submitted for approval by both countries. This is crucial for the future of global trade.

US Trade Representative Jamieson Greer stated that the parties have reached a framework agreement that can be reviewed by the leaders. This could reshape trade relations between the two countries.

Further negotiations are expected in the coming weeks. This situation could impact global competition and lead to significant changes in the world economy.