“ The next round of trade talks between the US and China on tariff cuts is likely to take place next week. Source: Bloomberg Details: The publication notes that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will be tasked with agreeing on new measures to reduce escalation between the world’s two largest economies. Bessent said during an event at the White House that he would speak with He on Friday night and likely meet with him in Malaysia a week later to “prepare for the two presidents to meet.” Bessent’s comments came after US President Donald Trump expressed optimism that talks with Chinese officials could lead to a deal to end a crisis that has seen the US leader threaten to sharply raise tariffs. Literally Bloomberg: “Overall, the remarks signaled Washington’s attempts to calm fears of a full-scale trade war with Beijing that could have a devastating impact on the global economy.” Details: “I think we’re doing very well. I think we’re doing well with China,” Trump said. The US president also said that, in his opinion, the planned meeting with Chinese President Xi Jinping, which should take place this month in South Korea as part of the Asia-Pacific Economic Cooperation leaders’ summit, will take place. Just a week ago, Trump expressed his intention to cancel his first face-to-face meeting with Xi since returning to the White House, angered by China’s promise to impose sweeping controls on critical rare earths. He also announced the introduction of 100% additional tariffs on Chinese goods, which will take effect on November 1. But on Friday, in an interview with Fox Business, Trump called the decision on high tariffs “unsustainable.” The upcoming talks, writes Bloomberg, are the latest attempts to reach an understanding in the trade sphere after four rounds of bilateral trade talks. Bessent and He previously held talks in Madrid, Stockholm, London and Geneva. Next week, the Association of Southeast Asian Nations summit will be held in Kuala Lumpur, the capital of Malaysia, and many other leaders from around the world are also expected to attend. Recall: China and the United States are in a state of trade confrontation due to restrictions affecting such key industries as semiconductors and rare earth elements. The media also learned that the Trump administration proposed to ban Chinese airlines from flying over Russia on routes to and from the United States. Know more: China buys gold and oil. Preparing for war?”, — write: www.pravda.com.ua
Source: Bloomberg
Details: The publication notes that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will be tasked with agreeing on new measures to reduce escalation between the world’s two largest economies.
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Bessent said during an event at the White House that he would speak with He on Friday night and likely meet with him in Malaysia a week later to “prepare for the two presidents to meet.”
Bessent’s comments came after US President Donald Trump expressed optimism that talks with Chinese officials could lead to a deal to end a crisis that has seen the US leader threaten to sharply raise tariffs.
Literally Bloomberg: “Overall, the remarks signaled Washington’s attempts to assuage fears of a full-scale trade war with Beijing that could have a devastating impact on the global economy.”
Details: “I think we’re doing very well. I think we’re doing well with China,” Trump said. The US president also said that, in his opinion, the planned meeting with Chinese President Xi Jinping, which should take place this month in South Korea as part of the Asia-Pacific Economic Cooperation leaders’ summit, will take place.
Just a week ago, Trump expressed his intention to cancel his first face-to-face meeting with Xi since returning to the White House, angered by China’s promise to impose sweeping controls on critical rare earths.
He also announced the introduction of 100% additional tariffs on Chinese goods, which will take effect on November 1. But on Friday, in an interview with Fox Business, Trump called the decision on high tariffs “unsustainable.”
The upcoming talks, writes Bloomberg, are the latest attempts to reach an understanding in the trade sphere after four rounds of bilateral trade talks. Bessent and He previously held talks in Madrid, Stockholm, London and Geneva.
Next week, the Association of Southeast Asian Nations summit will be held in Kuala Lumpur, the capital of Malaysia, and many other leaders from around the world are also expected to attend.
We will remind: China and the US are locked in a trade standoff over restrictions affecting key industries such as semiconductors and rare earths.
The media also learned that the Trump administration proposed to ban Chinese airlines from flying over Russia on routes to and from the United States.
Know more: China buys gold and oil. Preparing for war?