U.S. officials are considering whether they can strike a deal with China that would ramp up its purchases of American goods and investments in the United States.

President Trump had previously imposed an additional 10% tariff on all Chinese imports, resulting in retaliatory tariffs from China.

Former US President Donald Trump stated that his "very good relationship" with Chinese President Xi Jinping could pave the way for a new trade agreement. Speaking on Air Force One, Trump recalled his 2020 trade deal with China but acknowledged a competitive dynamic,