Overview
- The U.S. Trade Representative launched a new Section 301 investigation into China's compliance with the 2020 Phase One deal, creating a pathway for additional tariffs.
- China's expanded export controls on rare earths and magnets prompted Washington to threaten a 100% tariff on Chinese goods starting November 1.
- Treasury Secretary Scott Bessent, USTR Jamieson Greer, and Chinese Vice Premier He Lifeng are meeting in Kuala Lumpur to restore a fragile truce and secure the Oct. 30 Trump–Xi session at APEC in South Korea.
- The White House says Trump's trip will feature the signing of economic agreements across Asia and a Thailand–Cambodia peace accord at the ASEAN summit in Malaysia.
- A senior U.S. official said no meeting with North Korea's Kim Jong Un is on the schedule, with Trump's planned talks with Xi focused on trade and the economic relationship.