Among other things, they have had discussions about the purchase of agricultural products, says Bessent. According to trade representative Jamieson Greer, the parties have had broad discussions.
We talked about rare earth metals, of course. We discussed all sorts of topics, and I think we are approaching a point where the leaders will have a very productive meeting next week, says Greer.
China's trade envoy Li Chenggang says that the parties have had constructive talks where they have discussed, among other things, fentanyl and an extension of the current ceasefire in the trade war.
US President Donald Trump, who landed in Malaysia on Sunday, presented a range of trade agreements during his first day in Asia. The purpose of the agreements is to secure the US's access to important minerals and a market for American agricultural products.
Trump promised exemptions from his mutual tariff system for important export goods from Thailand, Cambodia, Vietnam, and Malaysia as part of the agreements.
The US hopes that the framework agreements with the Asian countries can strengthen Trump's position ahead of the meeting with Chinese President Xi Jinping, which is scheduled to take place on Thursday in connection with the Apec meeting in South Korea.
