US, China seek to avoid escalation of trade war

Top economic officials from the US and China wrapped up their first day of talks in Kuala Lumpur on Saturday, with a Treasury spokesman describing them as highly constructive “”. The two largest economies in the world are seeking to avoid an escalation of their trade struggle and to ensure [...]
The world's two largest economies are seeking to avoid an escalation of their trade war and ensure that a meeting between US President Donald Trump and Chinese President Xi Jinping is held next week, Reuters writes, broadcast Periscope.
Talks on the Southeast Asian Nations Association's summits will determine a way forward after Trump threatened with 100% new tariffs on Chinese goods and other trade restrictions starting on November 1st, in retaliation for the extensive export controls of China's raw magnets and minerals. /Periscope/












