China & US to hold trade talks in Malaysia in the coming days
China and the US plan key trade talks in Malaysia, aiming to ease tensions and rebuild economic cooperation between both nations.
Trade – (Special Correspondent / Web Desk) – China announced on Thursday that it will hold the next round of trade talks with the United States in Malaysia, as the world’s two largest economies try to avoid escalating a damaging tit-for-tat tariff spat.
“As agreed by both China and the US…” Vice Premier He Lifeng will lead a delegation to Malaysia from October 24 to 27 to discuss economic and trade issues with the United States, according to a statement from Beijing’s commerce ministry.
Beijing last month announced broad regulations on the key rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on Chinese imports in retaliation.
The two countries also began applying arrival fees against each other’s ships, sparked by a US “Section 301” investigation that found Beijing’s dominance in the industry was unreasonable.
Trump later threatened to cancel his expected meeting with Chinese counterpart Xi Jinping in South Korea on the sidelines of the Asia-Pacific Economic Cooperation (Apec) summit starting October 31.
But the US president has made it clear he hopes to seal a “good” deal with China and end the trade war.
Thursday’s announcement comes after He, who has taken a lead role in managing the thorny row with Washington, agreed to fresh in-person talks in a call with US Treasury Secretary Scott Bessent over the weekend.
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The talks will cover “important issues in the economic and trade relationship between China and the United States”, the commerce ministry said in the statement.
The trade talks overlap with a visit by Trump to the Malaysian capital Kuala Lumpur for an Association of Southeast Asian Nations meeting from October 26 to 28.
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