Kuala lumpur: Senior Chinese and U.S. economic officials began trade talks in Kuala Lumpur on Friday, aiming at de-escalating trade war between both countries. The talks were held on the sidelines of the 47th ASEAN Summit, with the attendance of U.S. Secretary of Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer and Chinese Vice-Prime Minister He Lifeng. According to Kuwait News Agency, the trade talks between Washington and Beijing come as the two nations get embroiled in a fresh wave of tariff tensions as the latter imposed sweeping controls on its vital rare earths industry after Washington had tightened restrictions on Chinese corporate access to U.S. technology. However, both sides failed to reveal any details of the meeting while U.S. President Donald Trump and his Chinese counterpart Xi Jinping are set to meet together during the Asia-Pacific Economic Cooperation (APEC) summit in South Korea next Thursday.
