Two-day talks were held in Kuala Lumpur, the capital of Malaysia, between senior officials of the world’s two largest economies, America and China. US Finance Minister Scott Besant told the media on Sunday that the meeting between the two sides will lay the foundation for the meeting between President Trump and Xi Jinping. The US Finance Minister said that issues related to agricultural procurement, TikTok, trade, rare earth minerals and bilateral relations were discussed in the conversation.

This dialogue between America and China is important not only from the commercial but also from the political point of view. The Chinese delegation, led by Vice Prime Minister He Lifeng, included trade representative Li Chenggang and Vice Finance Minister Liao Min. At the same time, the American side was led by Finance Minister Besant and Trade Representative Jamieson Greer. According to sources, a large part of the meeting focused on issues like fentanyl smuggling and TikTok data security. America has long been accusing China that Chinese tech companies monitor the data of its citizens. However, this time the talks are said to be more positive than before. Both countries have said in a joint statement that dialogue is the best way to resolve differences.

Trump’s Asia tour and strategic message

This conversation took place at a time when President Donald Trump is on his first major tour of Asia in his second term. Prime Minister Anwar Ibrahim welcomed him upon his arrival in Malaysia. Trump gave a message of regional stability by witnessing the peace agreement between Thailand and Cambodia. After Malaysia, Trump will visit Japan and South Korea. At the same time, he is scheduled to meet Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation (APEC) summit. This meeting will be the first face-to-face meeting of the two leaders after Trump returned to the White House in January.

What did Trump tell the journalists?

Speaking to reporters aboard Air Force One, President Trump said he hoped talks with Xi Jinping would lead to a complete and practical agreement. He said, ‘We will have direct dialogue on issues like tariffs, exports, agricultural procurement, Taiwan policy and Ukraine. This is the most effective way to resolve differences.

This statement of Trump has come at a time when trade tensions, differences regarding Taiwan and technological competition between the two countries are continuously increasing. According to US officials, President Trump is planning to take a tough stance in this meeting on American concerns over TikTok and illegal trafficking of fentanyl.

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US India trade tension: The trade tensions between India and America are showing no sign of abating. Just last week, an Indian delegation returned from Washington. Which was led by Commerce Secretary Rajesh Aggarwal. He informed that trade talks between the two countries have been positive.

At the same time, on Monday, US President Donald Trump has given a strict warning saying that if India does not stop buying crude oil from Russia, it will have to face heavy tariffs. He also compared India with Hungary. Trump said that Hungary is trapped because it is also dependent on the pipeline of the same country.

What does Trump have to say?

While talking to reporters in Air Force One on Monday, Trump said, I have spoken to Prime Minister of India Modi. He told me that India will not do crude oil deals with Russia. However, when the Indian Central Government said that there was no such thing. To this, Trump replied that, if India wants to buy crude oil from Russia, then it should be prepared for heavy tariffs and I do not think that they would want that.

Donald Trump told during a lunch at the White House with Ukrainian President Vladimir Zelensky that India fulfills 38 percent of its oil needs from Russia, but now India is retreating from this step. The US President is threatening huge tariffs on India. America has already imposed 50 percent tariff on India. On one hand, trade talks are going on between the two countries. At the same time, due to this statement of Trump, there may again be severe turmoil in the market.

India has replied

India has given its response on many forums regarding the American tariff and its continuous pressure. The central government said that its energy policy is completely based on the interests of the country. The Indian government wants to protect its citizens from fluctuations in global oil prices. India does not want to make itself dependent on any one country by purchasing oil from different countries. So that, in future, there will be no dependence on any one country and the import of oil in the country will continue continuously.

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