President Trump threatened an additional 100% tariff on Chinese goods in response to Beijing’s rules requiring companies to seek permission to export products made with rare-earth or

Treasury Secretary Scott Bessent proposed a longer pause on high US tariffs on Chinese goods in return for Beijing putting off its recently announced plan to tighten limits on critical rare earths.

U.S. Treasury Secretary Bessent and China’s He Lifeng meet in Malaysia as both countries kick off talks on the Trump tariffs before the leaders’ summit.

This is China versus the world — they have pointed a bazooka at the supply chains and the industrial base of the entire free world,” Bessent also told Fox Business.

KUALA LUMPUR/WASHINGTON (Reuters) -Top economic officials from the U. and China are due to arrive in Kuala Lumpur on Friday for talks to prevent a trade war escalation and keep next week's meeting between U.

FREE TO READ] US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy is’

US President Trump is expected to meet Chinese leader Xi Jinping in South Korea amid escalating trade tensions. The US plans to impose a 100% tariff on Chinese imports starting November 1, following China's new restrictions on rare earth exports.

The Treasury Secretary also confirmed that a planned meeting between Xi and Trump remained on track despite the recent trade tensions.

Beijing has yet to approve the sale of TikTok U.S., increase soybean purchases or ease export controls, despite several rounds of U.S. trade talks.

US treasury secretary Scott Bessent said on Friday he expected to meet next week with Chinese vice premier He Lifeng in Malaysia to try to forestall an escalation of US tariffs on Chinese goods that president Donald Trump said was unsustainable.