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View all search resultsThe top US and Chinese economic officials held "candid" talks on Thursday ahead of a meeting set for May between President Donald Trump and President Xi Jinping, with both sides raising complaints about the other's trade policies, the US Treasury and Chinese state media said.
US Treasury Secretary Scott Bessent said on Tuesday China had been an unreliable global partner during the Middle East war by hoarding oil supplies and limiting exports of some goods, mirroring its actions with medical goods during the COVID-19 pandemic.
Facing deepening fractures in the global trade order, Asia-Pacific leaders adopted a joint declaration that emphasized the need for resilience and shared benefits in trade at the end of the annual APEC summit on Saturday.
Top economic officials from the US 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 US President Donald Trump and Chinese President Xi Jinping on track.
Li, during a visit to Washington in August, had allegedly threatened that "China would unleash chaos on the global system if the US went ahead with our docking fees for Chinese ships", Bessent said in an interview with media outlet CNBC on Wednesday.
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