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President Donald Trump said March 22 that a trade deal with China is close as he prepared to send his negotiators to Beijing for a fresh round of talks next week, but U.S. officials downplayed the prospect of a swift conclusion.

China, the world’s largest consumer of pork, made its biggest purchase of the meat from the U.S. in nearly two years as African swine fever reduces hog herds and drives up prices.

Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant.

President Donald Trump says he has asked China to immediately remove all tariffs on U.S. agricultural products in what could be a huge blessing for American farmers. But how will global trade flows change in the event of a deal?

Asia more than doubled its intake of American crude oil last year even as Beijing and Washington were embroiled in a bitter trade war.

Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,” Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.

The United States has confirmed the country is postponing “until further notice” a scheduled tariff increase on Chinese goods, the latest sign that the world’s two largest economies could be headed toward a de-escalation of their trade dispute.

The United States and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.

Donald Trump’s decision to extend a deadline on additional tariffs on Chinese goods provides Xi Jinping with some temporary relief as he struggles to arrest an economic slowdown.

U.S. and Chinese negotiators are working on multiple memorandums of understanding that would form the basis of a final trade deal, according to a person briefed on the talks.