Kuala Lumpur, Oct. 26 -- China and the United States have reached a "basic consensus" on how to handle their respective trade concerns after two days of talks in Kuala Lumpur, Chinese Vice Premier He Lifeng said on Sunday, as per Xinhua.

He Lifeng met with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer over the weekend on the sidelines of the Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur, describing the discussions as "candid, in-depth, and constructive."

The talks covered a wide range of issues, including tariffs, export controls, trade in agricultural products, and cooperation on fentanyl-related enforcement, as per CNN.

He said that the essence of China-US economic relations is...