"Top economic officials from the US and China kick-started talks in Kuala Lumpur on Saturday on the sidelines of the Association of Southeast Asian Nations (ASEAN) summit, in a bid to chart a path forward after Trump threatened new 100 percent tariffs on Chinese goods and Beijing expanded export controls on rare earth magnets and minerals."
"The talks aim to pave the way for a high-stakes meeting between Trump and Chinese President Xi Jinping on Thursday at an Asia-Pacific Economic Cooperation (APEC) summit in South Korea, which could bring some deals on tariffs, technology controls and Chinese purchases of US soya beans."
"Trump has threatened to raise tariffs on Chinese imports to a total of some 155 percent from November 1 if a deal is not found. That would almost certainly provoke a reaction from Beijing and end a truce that paused tit-for-tat hikes."
Top economic officials from the US and China began talks in Kuala Lumpur on the sidelines of the ASEAN summit to chart a path after threats of new tariffs and Chinese export controls. The talks aim to pave the way for a high-stakes meeting between President Trump and President Xi Jinping at an APEC summit in South Korea, with potential deals on tariffs, technology controls, and Chinese purchases of US soya beans. Trump will begin a five-day trip to Malaysia, Japan and South Korea and has threatened major tariff increases if no deal is reached. Discussions are also expected to touch on Taiwan, Russia and the possible release of Jimmy Lai.
Read at www.aljazeera.com
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