US-China Trade Officials to Convene in Malaysia Amid Escalating Tariff Tensions
High-level trade negotiations between US and Chinese officials are set to continue in Malaysia as both countries seek to prevent further tariff escalations. The meeting follows a frank video discussion between Treasury Secretary Scott Bessent and Vice Premier He Lifeng regarding bilateral trade tensions. With existing tariff agreements expiring November 10, both sides are racing against the clock to find common ground.
High-Stakes Trade Talks Scheduled in Malaysia
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet in Malaysia next week in an effort to de-escalate trade tensions between the world’s two largest economies, according to official announcements from both governments. The in-person meeting follows what both sides described as frank discussions during a Friday video call, with sources indicating the officials addressed the unsustainable nature of current trade restrictions.
