Pars Today – Amid renewed trade tensions between China and the United States, economic and trade teams from both countries began their negotiations on Saturday in the Malaysian capital.
The main news regarding the China-U.S. trade war, as reported in this Pars Today news package, includes: Trump’s new tariff threats, diplomatic talks between the U.S. and China in Kuala Lumpur, a possible meeting between Trump and Xi Jinping, Bloomberg’s report on the trade war, and the start of U.S. investigations into China’s compliance with the 2020 agreement.
Trump’s new tariff threats
The U.S. President announced that starting November 1, new 100% tariffs will be imposed on Chinese goods. This decision comes in response to China’s export restrictions on rare minerals.
Diplomatic talks in Kuala Lumpur
Li Chenggang, China’s representative in international trade negotiations and Vice Minister of Commerce, along with He Lifeng, China’s Vice Premier, arrived in Kuala Lumpur on Saturday to participate in China-U.S. trade talks. The meeting aims to maximize the reduction of tensions ahead of a potential future meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
U.S.: Talks were constructive
A U.S. Treasury Department official stated that the first day of trade talks between Washington and Beijing, held on Saturday in Kuala Lumpur, was constructive and is expected to continue. A spokesperson for the Treasury Department said, “Today’s talks have concluded. They were very constructive, and we expect them to resume tomorrow morning.”
Possible meeting between Trump and Xi Jinping
According to Deutsche Welle, Trump intends to meet with the Chinese President in South Korea. He stated that if no agreement is reached, new tariffs will be implemented starting on November 1.
Bloomberg: U.S. trade war has failed
Bloomberg, in a report on the ongoing U.S. trade war against China, wrote that China’s daily $1 billion exports to the U.S. indicate that Trump’s anti-China policies have so far been ineffective, and that Trump has failed in his trade war against Beijing.
Trump’s tariffs have increased the cost of raw materials and imported components in the U.S., placing additional economic pressure on American manufacturers. The tariff war has also driven up inflation in the country, flooded the market with Chinese goods, and fueled global tensions. Despite this, Trump continues to insist on maintaining the tariff war.
U.S. launches investigation into China’s compliance with 2020 agreement
The Office of the U.S. Trade Representative announced the start of a new tariff investigation into China’s apparent failure to comply with the Phase One trade deal signed in 2020 with Donald Trump, aimed at ending the trade war between Washington and Beijing during his first term. China stated that it strongly opposes what it calls Washington’s false accusations and related investigative actions, accusing the U.S. of escalating economic pressure and other forms of coercion against China.
