As global leaders travel to Osaka, Japan for the G-20 summit this weekend, the U.S. and China have tentatively agreed to a trade-war truce in preparations for talks to resume, according to a published report.
A story early Thursday morning in the South China Morning Post -- part of a series jointly produced with Politico -- reported details of the new trade agreement are being laid out in news releases prior to the meeting of President Trump and Chinese President Xi Jinping at the Group of 20 leaders' summit, citing sources in Beijing and Washington, D.C.
The report said the tentative agreement would prevent the imposition of the next round of tariffs on another $300 billion worth of Chinese imports to the U.S.
Representatives from the administration and the U.S. Trade Representative's office could not be reached for comment on the report late Wednesday night U.S. time.
U.S. stock futures edged higher late Wednesday. In early Thursday trade in Asia, benchmark stock indexes were trading higher. Hong Kong's Hang Seng was up 0.82%, and Tokyo's Nikkei Average was up 0.76%.
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