The United States and China conducted “very constructive” trade talks in Malaysia on Saturday, a US Treasury spokesman said, ahead of a highly anticipated meeting of their leaders in South Korea next week. “Today’s talks have concluded. They have been very constructive, and we expect them to resume in the morning,” the spokesman told AFP….
US Treasury Secretary Scott Bessent said on Tuesday that the status quo situation with China was “working pretty well” as the world’s two biggest economies have in recent days extended a truce in their bitter trade dispute surrounding tariffs. “China is right now the biggest revenue line in the tariff income,” Bessent said in an…
After several rounds of imposing tariffs on China, US President Donald Trump now appears to be inching towards a trade deal with it. The Trump administration has been ramping up pressure on China by raising import tariffs on Chinese goods in recent months. On Tuesday, the White House published a fact sheet, stating that China…