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Chinese and U.S. negotiators made “new progress” in trade negotiations as both sides discussed the wording of an agreement that’s designed to resolve a bilateral trade dispute, according to Xinhua, Beijing’s official news agency.

The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.

The prices U.S. producers get for their exports in Latin America and Canada rose this year, relative to the cost of goods imported to the United States, the Bureau of Labor Statistics said March 21. At the same time, prices for American-made goods sold in China and Japan fell.

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.

An industry that saw dramatic growth in the 10 years before Donald Trump became president is now concerned his administration’s trade tussle with China, and the lack of a deal with Japan, will cut future growth short.

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?

President Donald Trump announced plans to end key trade preferences for India and Turkey, in the latest move by the United States to counter what it calls unfair trade practices.

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.