A spokesman for the Ministry of Commerce said on 23 October that after the agreement between the two sides, the CPC Central Committee Political Bureau member and State Council deputy prime minister Ho Li Feng will lead the delegation to Malaysia from 24 to 27 October to hold economic and trade consultations with the United States.

According to foreign media reports, U.S. representatives participating in the consultation were U.S. Treasury Secretary Bessent and Trade Representative Greil. Reuters said on 23rd that the two are traveling to Malaysia and will communicate with China on economic and trade issues between the United States and China in the near future, in order to ease tensions.

After China issued export control measures on rare earth and other related items, the United States in several public occasions expressed dissatisfaction with the Chinese initiative and threatened to impose a 100% tariff on Chinese goods from November 1.

In an interview with the Fox Business Channel, Mr. Bezent said that he could not accept China¡¯s latest regulation of rare earth, but expressed a similar view to CNBC, saying that China could still find a ¡°new balance¡± on non-sensitive commodity trade, saying that China should buy U.S. agricultural products under an agreement signed between the US and China during Trump¡¯s first term, but that China ¡°excludes U.S. companies¡±.

Both Bessent and Grill stressed that they don¡¯t want to ¡°disconnect¡± with China, nor want to escalate the situation, but want to ¡°re-balance trade with China.¡±

Regarding the aforementioned remarks of U.S. officials, Song believes that this is the American side's perception and narrative of rare earth and other issues in the Sino-U.S. negotiations, in order to struggle to show a position in subsequent consultations and gain an advantage, but it can be seen that these statements transmit a signal of hope for contact with China. "

Since the beginning of this year, China and the United States have held economic and trade talks and consultations in Geneva, Switzerland, London, UK, Stockholm, Sweden, and Madrid, Spain. After the Stockholm economic and trade talks, China and the United States extended the "tariff truce" for another 90 days. "In recent weeks, the temporary stability in Sino-US relations has been shattered as the United States has expanded some technological restrictions and proposed imposing fees on China ships entering U.S. ports." Bloomberg said Chinese and US officials held the next round of trade talks to ease the deadlock.

Earlier, a spokesperson for China's Ministry of Commerce said that the United States cannot threaten and intimidate new restrictions while talking. This is not the right way to get along with China. After China and the United States held talks in Madrid, Spain in September this year, the United States intensively introduced measures to suppress China. At the end of September, the United States introduced penetration rules for the export control entity list, and at the same time insisted on setting up a "301" investigation into port fee measures for Chinese shipbuilding on October 14.

The New York Times mentioned that after the United States included thousands of Chinese companies in the so-called "entity list" and restricted these companies from obtaining American technology, China's controls on rare earth exports were further escalated, which had a wide impact on the United States. According to the report, China and the United States may ease tensions later this month, but former US Deputy Secretary of State Campbell believes that Beijing is unlikely to back down.

In addition, Reuters on Monday that U.S. officials and informed sources revealed that the U.S. government is considering restricting the export of products "made using U.S. software or containing U.S. software" to China, including a range of products such as laptops, aircraft engines, in retaliation for China's rare-earth export restrictions.

¡°The U.S. issued the news at this time, false and false, and there are considerations for the Sino-U.S. next negotiations to seek code, but also strategically further suppressing the Chinese science and technology arrangements,¡± Song said, ¡°China is also prepared for this and will not be fundamentally impacted,¡± Reuters said, this move could further disrupt trade with China, if fully implemented, could bring losses to the U.S. economy.