(June 26): The US is willing to suspend the next round of tariffs on an additional US$300 billion ($406 billion) of Chinese imports while Beijing and Washington prepare to resume trade negotiations, people familiar with the plans said.

The decision, which is still under consideration, may be announced after a meeting between Presidents Donald Trump and Xi Jinping set for Saturday at a Group of 20 summit in Japan. A broad outline of the Trump-Xi agenda was discussed in a phone call Monday between US Trade Representative Robert Lighthizer, and his counterpart in Beijing, Vice Premier Liu He.

People familiar with the American readout of the conversation characterised the call as productive. They said both sides discussed how they can present the resumption of trade talks to their domestic audiences as a win.

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