Unlock the White House Watch Newsletter for free
Your Guide to what Trump’s second term means for Washington, Business and the World
US and Chinese officials held high-stakes trade talks with Malaysia on Saturday led by Donald Trump in the world’s mounting hubs.
US Treasury Secretary Scott Bessent and Chinese Vice-Premier he is negotiating negotiations in Kuala Lumpur that will help shape the outcome of the Summit on Thursday.
This month Beijing announced Export control of rare worldswhich prompted Trump to threaten an additional 100 percent tariff on Chinese imports from November 1 and raise the risk of a full return to the trade war.
The talks came a day after the US Trade Representative’s office launched an investigation that could lead to additional duties. Chinese imports.
Trump is headed to Malaysia to meet South-East Asian leaders on the first leg of a week-long trip that includes stops in Japan and South Korea, where he will meet XI.
“We have a lot to talk about with President XI, and he has a lot to talk about with us. I think we had a good meeting,” Trump said on Friday as he left the US.
Beijing defends the ban on rare earths, which is essential to the creation of fighter jets, electric vehicles and smartphones of export companies on an export blacklist.
While Trump expressed hope about the outcome of the summit with XI, many people are familiar with these export controls, which have been criticized by US officials.
The penalty of a trade war between the US and China has fallen on the global economy since April, when the White House hit with 145 percent tariffs and XI made 125 percent of US exports.
After Washington and Beijing reached a truce to stop the duties that in August continued on November 10. Both sides accused the other of violating the spirit of the negotiations.
After meeting with South-East Asian leaders in Malaysia on Sunday, Trump will fly to Japan to meet with Sanae Takaichi, Japan’s new prime minister.
Takaichi, the new Japanese minister, announced the acceleration of defense in Tokyo, which his analysts say will provide further expansion of the military budget during Trump’s visit.
Speaking at the Mount Fuji Dialogue Forum in Tokyo on Saturday, the US Ambassador to Japan George Glass visited Japan “at a time of rising tensions in the region”.
“It’s a tough neighborhood,” Glass said. “The US-Japan Alliance faces determined and dangerous adversaries, adversaries who will do whatever it takes to undermine our alliance and undermine our regional partnership.”