US EditionUS and China Begin Trade Talks in Malaysia to Ease Tensions
- From October 24 to 27, China's Ministry of Commerce said Vice Premier He Lifeng will lead a delegation to Malaysia to hold economic and trade talks with U.S. officials, including Treasury Secretary Scott Bessent and Jamieson Greer.
- Amid China's new rare earth export controls, including measures on October 10, President Donald Trump threatened 100% tariffs in retaliation, prompting talks to address the escalating trade tensions.
- A May Geneva meeting produced a 90-day truce that cut U.S. tariffs to about 55% and Chinese tariffs to 10%, but the truce later frayed after the U.S. Commerce Department expanded the export blacklist to cover firms more than 50% owned by listed companies.
- Overlapping with President Donald Trump's visit from October 26 to 28, officials say the talks aim to pave the way for a pull-aside meeting with Chinese President Xi Jinping at next week's Asia-Pacific Economic Cooperation summit in South Korea.
- Disruption could threaten production of electric vehicles, semiconductors, and weapons systems, Scott Kennedy warned, `We won't know if Beijing has successfully counterbalanced the U.S.'s export controls with restrictions of their own or if they've induced a continuation of an escalatory spiral until Mr. Trump and Mr. Xi meet.
143 Articles
143 Articles
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President Donald Trump heads into a historic meeting with Chinese leader Xi Jinping facing a delicate test: projecting strength against America’s top adversary without triggering another economic shock at home. The high-stakes encounter, the first between the two men in more than six years, comes after months of tariff feints and escalating rhetoric that have rattled markets and strained global supply chains — and at a moment when Trump is eager…
The American president must talk to his Chinese counterpart on Thursday, with a truce in the trade war that the two powers are engaged in?
On October 30, Presidents Trump and Xi will meet in South Korea. However, on Monday, Trump concluded an agreement with Japan on rare earths, which, given China's recent export restrictions, can be understood as a pact against Beijing.
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