US-China trade tensions appear to cool before upcoming Trump-Xi meeting

News Snapshot:

KUALA LUMPUR, Malaysia -- U.S.-China trade tensions appeared to cool Sunday before an upcoming meeting between President Donald Trump and Chinese leader Xi Jinping, with each side saying a deal was nearing between the world's two largest economies. Any agreement would be a relief to international markets even it does not address underlying issues involving manufacturing imbalances and access to state-of-the-art computer chips. Beijing recently limited exports of rare earth elements that are needed for advanced technologies, and Trump responded by threatening additional tariffs on Chinese products. The prospect of a widening conflict risked weakening economic growth worldwide. China's top...