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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.

GENEVA — Alibaba founder Jack Ma said Oct. 2 that the trade dispute between the United States and China could last 20 years. But he expressed hope that a solution could be reached as a trade war would “hurt everybody.”

China announced more tariff cuts Sept. 26 on construction machinery and other goods but no action on U.S. complaints about its technology policy that are fueling an escalating trade battle.