China said Thursday it will hold a next round of trade talks with the United States in Malaysia, as the world’s two biggest economies seek to avoid further escalating a damaging tit-for-tat tariff war.<\/p>\n
“As agreed by both China and the United States… vice premier He Lifeng will lead a delegation to Malaysia from October 24 to 27 and hold economic and trade talks with the United States,” Beijing’s commerce ministry said in a statement.<\/p>\n
Beijing this month announced sweeping controls on the critical rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on imports from China in retaliation.<\/p>\n
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.<\/p>\n
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.<\/p>\n
But the US president has made it clear he hopes to seal a “good” deal with China and end the trade war.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
mya\/reb\/fox<\/p>\n
\u00a9 Agence France-Presse<\/p>\n","protected":false},"excerpt":{"rendered":"
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