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US-China trade talks set to go on as Trump plays down tariffs

The Straits Times

|

October 19, 2025

The next round of US-China trade talks is set for next week, with US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng facing the task of negotiating down new escalatory measures between the world's two largest economies.

Mr Bessent said he spoke virtually with Mr He late on Oct 17.

The Treasury chief earlier described the discussions with Mr He as “frank and detailed” and reaffirmed plans to meet in person next week.

US Trade Representative Jamieson Greer also took part in the online talks.

“He and I, and a delegation, will meet in Malaysia, probably a week from tomorrow, to prepare for the two presidents to meet,” Mr Bessent said earlier at a White House event.

China’s state-owned Xinhua news agency reported the two sides had a frank, in-depth and constructive exchange of views on important issues in bilateral economic and trade relations.

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