The U.S. has agreed to drop its 145% tariff rate on Chinese goods to 30%, while China has agreed to lower its rate on U.S. goods to 10%.

There's a vast empty space in the middle of the factory floor in Foshan in southern China where workers should be welding high-end air fryers for the US market. Derek Wang says his American customers were wowed by his air fryer models - which are controlled via smartphones and can also bake,

Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.