US-China Trade Talks: Navigating the Trade War Minefield
Top economic officials from the U.S. and China held talks in Kuala Lumpur, aiming to ease their trade war and prepare for an upcoming meeting between Presidents Trump and Xi. The discussions revolve around tariffs, technology controls, and agricultural trade. Both sides hope to prevent further escalation.
In Kuala Lumpur, U.S. and Chinese top economic officials began talks on Saturday, which were described as 'very constructive' by a Treasury spokesperson. The discussions aim to defuse escalating trade tensions between the world's two largest economies before the anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
The talks occur on the fringe of the ASEAN summit and focus on potential relief on tariffs and technology controls. The negotiations are crucial as President Trump eyes a meeting with President Xi during the Asia-Pacific Economic Cooperation summit in South Korea. Agricultural trade, particularly U.S. soybeans, is among the significant areas of interest.
Documenting the fragile relationship, the negotiations unfold amid new trade curbs and escalating tensions over rare earths and technology exports, forming a delicate truce previously crafted by economic officials from both sides. The outcome of these talks remains pivotal as they try to navigate the complexities of mutual trade interests.
Google News