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Initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months.

The proposed merger, which would create a massive single railroad company controlling shipments across the continental U.S., is being weighed by the Surface Transportation Board.

The Trump administration says it will go to the Supreme Court if needed to overturn a May 28 court decision against his new tariffs. 

President Donald Trump said he would maintain the duty-free exception for low-value packages coming from China until “adequate systems are in place to fully and expediently process and collect tariff revenue.”