Shafaq News – Kuala Lumpur
On Saturday, senior US and Chineseofficials opened trade talks in Kuala Lumpur to defuse tensions ahead of ameeting between US President Donald Trump and Chinese President Xi Jinping.
According to Reuters, US TreasurySecretary Scott Bessent met Chinese Vice Premier He Lifeng on the sidelines ofthe Association of Southeast Asian Nations (ASEAN) summit after Washingtonthreatened 100% tariffs on Chinese goods starting November 1 in response toBeijing’s tighter rare earth export controls.
Talks at Kuala Lumpur’s Merdeka 118tower are expected to set the stage for the Trump–Xi summit in South Korea onOctober 30, where both leaders will discuss tariffs, technology restrictions,and China’s suspension of US soybean imports.
Read more: Trump: China holding world captive
The two countries are seeking tomaintain a fragile trade truce reached in May that eased tariffs and reopenedrare-earth exports but began to unravel after the US widened its exportblacklist and China imposed new restrictions in retaliation.
Read more: China to impose fees on US ships in retaliation for American charges
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