US and China hold constructive trade talks in Malaysia
American and Chinese negotiators completed a productive first day of trade discussions in Malaysia on Sunday, with talks set to continue on Monday morning. Treasury Secretary Scott Bessent met with Vice Premier He Lifeng at the Merdeka 118 tower as both nations work to prevent their tariff dispute from worsening.
President Donald Trump plans to meet Chinese leader Xi Jinping on Thursday at the Asia-Pacific Economic Cooperation summit in South Korea. The meeting follows recent tensions over Beijing’s rare earth export restrictions and mutual shipping fees between the countries.
Trump previously suggested he might skip the talks, but has since expressed interest in reaching an agreement. The negotiations come as both governments seek to reduce economic friction that has affected global markets and trade flows.
