US, China seek to avoid escalation of trade war

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/

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