US-China talks nearing agreement for Trump, Xi to review, US trade envoy says

<p>-

• US-China talks nearing agreement for Trump, Xi to review, US trade envoy says</p>

<p>By Xinghui KokOctober 26, 2025 at 12:41 AM</p>

<p>0</p>

<p>FILE PHOTO: U.S. Trade Representative Jamieson Greer looks on, following a meeting between Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. REUTERS/Violeta Santos Moura/File Photo</p>

<p>By Xinghui Kok</p>

<p>KUALA LUMPUR (Reuters) -The second day of trade talks between the U.S. and China was paving the way for a "productive meeting" between President Donald Trump and President Xi Jinping, Washington's top trade envoy said in Kuala Lumpur on Sunday, raising hopes of a deal between the world's two largest economies.</p>

<p>U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng on the sidelines of the Association of Southeast Asian Nations for a fifth round of in-person discussions since May as both sides seek to de-escalate a trade war.</p>

<p>"I think that we're getting to a spot where the leaders will have a very productive meeting," Greer said as he stepped away from the talks to meet Trump. Also participating in the talks is China's top trade negotiator Li Chenggang.</p>

<p>Asked by a reporter if rare earths were discussed at the talks, which started on Saturday, Greer said a broad range of topics were discussed, including extending the truce on trade measures.</p>

<p>Both sides are looking to avert an escalation of their trade war after U.S. President Donald Trump threatened new 100% tariffs on Chinese goods and other trade curbs starting on November 1, in retaliation for China's vastly expanded export controls on rare earth magnets and minerals.</p>

<p>Trump arrived in the Malaysian capital on Sunday morning for the summit, his first stop in a five-day Asia tour that is expected to culminate in a face-to-face with Xi in South Korea.</p>

<p>A positive outcome for the Kuala Lumpur talks would remove roadblocks for the high-stakes meeting to take place on Oct 30.</p>

<p>While the White House has officially announced the highly anticipated Trump-Xi talks, Beijing has yet to confirm that the two leaders will meet.</p>

<p>Among Trump's talking points with Xi are Chinese purchases of U.S. soybeans, concerns around democratically-governed Taiwan which Beijing views as its own territory, and the release of jailed Hong Kong media tycoon Jimmy Lai.</p>

<p>The detention of the founder of the now-defunct pro-democracy newspaper Apple Daily has become the most high-profile example of China's crackdown on rights and freedoms in the Asian financial hub.</p>

<p>Trump also said that he would seek China's help in Washington's dealings with Russia, as Moscow's war in Ukraine approaches its fourth year.</p>

<p>U.S. Secretary of State Marco Rubio said on Sunday that the U.S will not walk away from Taiwan in return for trade benefits with China.</p>

<p>Tensions between the world's two largest economies flared in the past few weeks as a delicate trade truce - reached after their first round of trade talks in Geneva in May and extended in August - failed to prevent the two sides from hitting each other with more sanctions, export curbs and threats of stronger retaliatory measures.</p>

<p>The latest round of talks is likely to centre around China's expanded controls of rare earths exports that have caused a global shortage.</p>

<p>That has prompted the Trump administration to consider a block on "critical software" exports to China, from laptops to jet engines, according to a Reuters report.</p>

<p>A day before the talks commenced, the U.S launched a new tariff investigation into China's "apparent failure" to comply with the "Phase One" trade deal signed in 2020.</p>

<p>The new unfair trade practices probe bolsters Trump's toolkit against China.</p>

<p>Any agreement from Sunday's talks is likely to be fragile as the world's most important trade relationship, worth $660 billion a year, hangs in the balance.</p>

<p>(Reporting by Xinghui Kok; Writing by Mei Mei Chu, Yukun Zhang and John Mair; Editing by Tom Hogue)</p>

<a href="https://data852.click/5a32cd58501e613bf372/ee0a75caf0/?placementName=default" class="dirlink-1">Original Article on Source</a>

Source: "AOL General News"

Читать на сайте

---

Source: AsherMag

Full Article on Source: VOUX MAG

#LALifestyle #USCelebrities