US and China treasury chiefs to meet in Malaysia ahead of Trump-Xi talks ...Middle East

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Their meeting aims to prepare for anticipated talks between Presidents Donald Trump and Xi Jinping later this month in South Korea.

He described their online discussions about US-China trade as frank and detailed.

China’s official Xinhua News Agency also reported on the video call between the two officials.

Bessent revealed the Malaysia meeting plans before the video conference with his Chinese counterpart.

Malaysia will host this year’s Association of Southeast Asian Nations summits with partner nations starting October 26.

Bessent and Vice Premier He have led multiple rounds of trade talks in European cities since spring.

“I think that things have de-escalated,“ Bessent told reporters during Trump’s White House lunch with Ukrainian President Volodymyr Zelenskyy.

Trump confirmed his plans for one-on-one talks with Xi during their South Korea visit for an Asia-Pacific economic summit.

Trade tensions recently escalated after China announced new export controls on rare earth minerals.

The US president has set November 1 as the potential effective date for these additional tariffs.

Trump has not met Xi in person since returning to the White House in January. – Bernama-Kyodo

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