We begin with trade tensions, easing--between China and the US--as the two largest economies come to an agreement and avoid a trade war. Jim Spellman breaks down the details on the deal.  

Signs of progress after two days of trade talks between top Chinese and U.S. officials in Washington. Vice Premier Liu He, who led the Chinese delegation says there will be no trade war, and both sides agreed no additional tariffs would be imposed. He described the talks as positive, pragmatic and constructive. A joint U.S.-China statement says measures being discussed would help both countries -- boosting China's economy while reducing the trade deficit. 

LARRY KUDLOW WHITE HOUSE ECONOMIC ADVISER "I think what really got the president kind of optimistic about this is what he heard from the vice premier. And I think the president really liked what the Chinese have put on the table, and how well the talks went."

The two sides also agreed on the importance of intellectual property protection. China's Foreign Ministry says ongoing dialogue is crucial to managing trade differences.

LU KANG SPOKESPERSON, CHINESE FOREIGN MINISTRY "China and the U.S. are two large economies with pretty close economic and trade ties. It is inevitable for us to have some different views and opinions and come across some issues. Consultations are meant to address each other's concerns, increase mutual understanding, and work toward compromise."

Washington and Beijing agreed to the principle of fairness when dealing with trade issues and a level playing field for competition.

JIM SPELLMAN WASHINGTON "Both sides have agreed to continue high-level talks in a proactive manner. A U.S. team will travel to China to work on details around increased American agriculture and energy exports, but no dates yet for those discussions. Jim Spellman, CGTN Washington."