US-China Trade Talks Ahead of Trump-Xi Meeting

TaiwanPlus News

This week's ASEAN Summit in Malaysia has brought an enhanced ceasefire between Thailand and Cambodia and the induction of Timor-Leste as a new member. But much attention has been on the US-China trade talks taking place on the sidelines, ahead of an expected meeting between US President Donald Trump and Chinese President Xi Jinping later in the week.      Reporter: John Van Trieste   Video Editors: Ryan Wu/Alison Nguyen      #TaiwanPlusNews #ASEAN #US #China #DonaldTrump

Transcript

00:00Heads of state from Southeast Asia and beyond are gathering in Malaysia for the ASEAN summit,

00:05but it's the U.S.-China talks happening on the sidelines that have grabbed the world's attention.

00:10Trump looks to be in high spirits as the two sides hammer out a framework of a trade deal,

00:14a possible de-escalation in what's been a punishing trade war.

00:18That's ahead of a meeting Trump's scheduled to have with Chinese President Xi Jinping in South Korea later this week.

00:24The president had given me maximum leverage when he threatened 100 percent tariffs

00:30if the Chinese imposed their rare earth global export controls.

00:35So I think we have averted that.

00:38We also agreed on substantial agriculture purchases for U.S. farmers.

00:44We agreed that the Chinese would begin to help us with the precursor chemicals

00:49for this terrible fentanyl epidemic that's ravaging our country.

00:54The discussion of the both sides include many issues,

00:59such as the both sides are interested in the export management issues.

01:05The appropriate payment issue will further expand the issue of a longer-term issue.

01:11The payment issue of the分泰國 and the分泰國 cooperation issue.

01:16Absent in the talks was any mention of Taiwan,

01:19one of the sore spots in U.S.-China relations.

01:22Though it's still possible Taiwan could come up in the Trump-Xi meeting,

01:26U.S. Secretary of State Marco Rubio says the country won't be a bargaining chip

01:30in talks that are really about trade.

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