Latest developments in the tariff war

China's Vice Minister of Commerce and International Trade Representative Li Chenggang said on the 26th that the discussions between the two sides covered numerous topics, such as export control issues of mutual concern, the further extension of the suspension of reciprocal tariffs, fentanyl tariffs and cooperation on fentanyl control, further expansion of trade, and U.S. measures related to Section 301 vessel fees. The Chinese and U.S. sides conducted constructive discussions on these matters. The U.S. expressed a firm stance, while China remained resolute in safeguarding its interests. After more than a day of intense discussions, the two sides constructively explored solutions to properly address each other's concerns and reached preliminary consensus. The next step will involve each side completing internal approval procedures. (Xinhua)