US President Donald Trump, despite previous threats, has admitted a trade agreement with China is possible.
Both powers have shown a commitment to establish new discussions over their trade differences.
The US uses a tariff threat to pressure China to implement measures to decrease the trade deficit.
The Treasury Secretary has reiterated the US's commitment to implement policies that protect its economy and national security.
The trade war has already begun, with each country imposing tariffs on the other's products.
Trump also threatens to apply additional tariffs of 25% to reduce the trade deficit.
Trump's protectionist policy could translate into a decrease in global economic growth.
Additional tensions between China and the US exist over the sovereignty of Taiwan and technological rivalry.
Conclusion: Despite current challenges, there has been a mutual call to ease tensions and establish dialogue, emphasizing the need for global stability.