BEIJING, Oct 23 — China announced today that it will hold the next round of trade talks with the United States in Malaysia, as the world’s two largest economies work to prevent further escalation of their ongoing tariff dispute.
BEIJING, Oct 23 — China announced today that it will hold the next round of trade talks with the United States in Malaysia, as the world’s two largest economies work to prevent further escalation of their ongoing tariff dispute.
“As agreed by both sides, Vice Premier He Lifeng will lead a Chinese delegation to Malaysia from October 24 to 27 to hold economic and trade discussions with the United States,” China’s Ministry of Commerce said in a statement.
The announcement comes amid renewed tensions after Beijing introduced sweeping restrictions on its rare earths industry earlier this month, prompting US President Donald Trump to threaten 100 per cent tariffs on Chinese imports in retaliation.
Trump has also warned that he might cancel his planned meeting with Chinese President Xi Jinping in South Korea later this month on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, though he has expressed hopes of reaching a “good” agreement to end the trade war.
The ministry said the upcoming talks will address “key issues in the economic and trade relationship between China and the United States.”
He, who has played a central role in managing China’s trade negotiations with Washington, agreed to the in-person meeting following a phone conversation with US Treasury Secretary Scott Bessent over the weekend. — AFP
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