Top officials from the world's two largest economies are meeting in Stockholm, Sweden this week to avert a damaging trade war.

In a significant development in the ongoing trade negotiations, U.S. and Chinese officials have agreed to halt tariff increases for an additional 90 days. This move, announced just before a major planned tariff hike,

India and China are reportedly discussing the resumption of border trade in locally made goods after more than five years, as the Asian neighbors seek to ease long-standing tensions amid rising trade disputes with the United States.