Trade Tensions Rise: U.S.-China Rare Earths Conflict

U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent are set to meet Chinese officials in Malaysia over Beijing's export curbs on rare earth minerals. Amid escalating tensions, President Trump may meet Chinese President Xi Jinping during an upcoming economic conference to discuss fair trade and reduce trade imbalances.

Jamieson Greer, the U.S. Trade Representative, announced efforts alongside Treasury Secretary Scott Bessent to engage with Chinese officials in Malaysia regarding China's restrictive export measures on rare earth minerals.

This discussion could coincide with a potential meeting between President Donald Trump and Chinese President Xi Jinping during an economic conference in South Korea.

The conversation aims to address trade imbalances, especially following China's export controls and Trump's additional tariffs set for November, stressing the U.S.'s need for equitable trade relations without further escalating tensions.

(With inputs from agencies.)