The Chinese Ministry of Commerce's international trade negotiation team, led by Vice Minister Li Chenggang, has concluded a day of intense discussions with their US counterparts on various trade-related issues. The talks, which took place on October 26, 2023, focused on a range of topics, including export control measures, the extension of the suspension of additional tariffs, cooperation on fentanyl-related issues, and further expansion of trade opportunities. The US side expressed a firm stance on these issues, while the Chinese delegation maintained a resolute position in defending their country's interests. After a day of tense negotiations, the two teams were able to explore some constructive solutions to address the concerns of both parties, resulting in a preliminary consensus. The next step will involve each side undergoing internal review and approval processes.