On October 24, Chinese and US representatives arrived in Kuala Lumpur, Malaysia, to hold the fifth round of economic and trade consultations this year. Before the talks started, the outside world noticed a difference. The talks will last from the 24th to the 27th for a full four days. The previous four talks all ended in just two days. The extension of time shows that China and the United States have greatly increased their importance to negotiations and their determination to ease trade conflicts has become stronger. The first meeting held on the morning of the 25th also lasted for more than two hours. China's Minister of Commerce said that the first four rounds of economic and trade consultations have fully proved that China and the United States can find solutions to each other's concerns on the basis of mutual respect and equal consultation.

Trump was on his way to Malaysia on the evening of the 24th to attend the ASEAN Summit and will then visit Japan and South Korea. He said on the Air Force One, he hoped China could help the United States deal with the Russian-Ukrainian conflict. Trump said, ¡°We have imposed very tough sanctions on Russia. I think these sanctions are very tough and very tough. But I hope China helps us.¡±

Analysts pointed out that Trump's latest statement means that the Russia-Ukraine issue may become an important bargaining chip in Sino-US economic and trade negotiations. On the 22nd, Trump suddenly turned against Russia, saying that meeting with Putin was "inappropriate" and would cancel his meeting with Putin in Budapest. He also said it was time to impose sanctions on Russia, but hoped that the sanctions would not last long. Later, U.S. Treasury Secretary Basent announced that due to Putin's refusal to end the war, the United States would sanction Russia's two largest oil companies and encourage allies to join the sanctions. Affected by this, international oil prices experienced a sharp rise.

It is worth noting that just before participating in a new round of China-US economic and trade talks, Bessent said in front of the media, ¡°No one of America¡¯s allies is a good person.¡± There is a view that Bessent may be blaming the EU, Japan, Canada and other allies, not fully cooperating with the U.S. sanctions policy against Russia, but rather in the tariffs and the U.S. singing the play. Especially in Canada, the public broadcast on television of former U.S. President Reagan¡¯s criticism of tariffs, let Trump not come to Taiwan, directly resulting in Trump cancelled all trade negotiations with Canada. In this case, the U.S. desperately hopes to reach a trade agreement with China, in order to concentrate on picking up unheard of allies. In addition, the

The U.S. Trade Representative¡¯s Office said the review will assess whether China has fulfilled the agreement and decide whether further measures are needed. In response, China¡¯s Chinese Embassy spokesman Liu Pingyi said that China has strictly fulfilled the first phase of the economic and trade agreement, but the U.S. has failed to fulfill its obligations, instead of continuing to put pressure on China in economic and other fields, seriously deviating from the spirit of the agreement. This not only damages China¡¯s relations and economic and trade cooperation, but also disrupts normal trade and investment activities, weakening the basic conditions for implementation of the agreement.

In the current situation, Trump¡¯s intention seems to be to reduce tariffs in exchange for China¡¯s joining Russia¡¯s sanctions or reducing the purchase of Russian oil. If China accepts this condition, then the results of the U.S. investigation into the first phase of the trade agreement will benefit China. Instead, it will impose more tariffs on China. But it is clear that China will not accept this unreasonable requirement and will not let U.S. trade affect China¡¯s relations with Russia. After all, the proportion of U.S. exports to China¡¯s total exports has been significantly reduced compared to 2018, ¡°tariffs¡± will not work for China for a long time, and in the face of China¡¯s ¡°rare-earth¡± mark, the U.S. has not yet found any solution.