Dhaka, Oct. 26 -- Top economic officials from the United States and China ended their first day of talks in Kuala Lumpur on Saturday (25 October), with a Treasury spokesperson describing them as "very constructive."
The world's two largest economies are looking to avert an escalation of their trade war and ensure that a meeting happens next week between US President Donald Trump and Chinese President Xi Jinping.
The talks, held on the sidelines of the Association of Southeast Asian Nations summit, aim to chart a path forward after Trump threatened new 100% tariffs on Chinese goods and other trade curbs starting on 1 November, in retaliation for China's expanded export controls on rare earth magnets and minerals.
The recent actions, which...