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The Trump administration is making official its decision to delay until March 1 a tariff hike on $200 billion worth of Chinese goods to 25% from 10%, according to two people familiar with the matter.

Chinese officials are preparing to restart purchases of American corn as soon as January, another sign that the Asian nation is working on a lasting detente with the U.S.

China resumed buying U.S. soybeans, bringing some relief to farmers in President Donald Trump’s heartland as President Xi Jinping works toward a trade deal with his American counterpart.

China is moving toward cutting its trade-war tariffs on imported U.S.-made cars, a step already claimed by President Donald Trump as a concession won during trade talks in Argentina.

China and the United States have reached agreement in the sectors of agriculture, autos and energy, and China will immediately start implementing that consensus, a government spokesman said.

President Donald Trump said he is optimistic about resolving the U.S. trade dispute with China after receiving a response from Beijing to his demands, ahead of a widely anticipated meeting with Chinese President Xi Jinping in Argentina later this month.

BANGKOK — Stock markets charged ahead Nov. 2 after President Donald Trump and his Chinese counterpart, Xi Jinping, spoke by phone and reported progress in resolving trade tensions.

The U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if November talks between presidents Donald Trump and Xi Jinping fail to ease the trade war, three people familiar with the matter said.

The chief engine of growth for the world’s carmakers is turning into their biggest headache. From Oct. 23 to Oct. 25, auto giants from Volkswagen AG and Ford Motor Co. to Renault SA and PSA Group have pinned flagging profits and weakening sales outlooks on a slowdown in the world’s largest auto market.

BEIJING — China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13% over a year earlier despite a worsening tariff war.