The Prague Post - US and China have 'positive' meeting at ASEAN foreign minister talks

EUR -
AED 4.238069
AFN 74.996942
ALL 95.909366
AMD 434.543489
ANG 2.065392
AOA 1058.031606
ARS 1599.70962
AUD 1.668566
AWG 2.076834
AZN 1.963852
BAM 1.955769
BBD 2.318684
BDT 141.257773
BGN 1.972195
BHD 0.435201
BIF 3427.930312
BMD 1.153797
BND 1.482744
BOB 7.954875
BRL 5.930858
BSD 1.151192
BTN 107.233309
BWP 15.793819
BYN 3.411205
BYR 22614.417406
BZD 2.315284
CAD 1.60567
CDF 2653.732544
CHF 0.921324
CLF 0.02678
CLP 1057.420037
CNY 7.941125
CNH 7.935243
COP 4249.664397
CRC 535.684589
CUC 1.153797
CUP 30.575615
CVE 110.620274
CZK 24.513163
DJF 205.052413
DKK 7.471809
DOP 69.948995
DZD 153.357456
EGP 62.597758
ERN 17.306952
ETB 180.791763
FJD 2.609313
FKP 0.87362
GBP 0.871978
GEL 3.091991
GGP 0.87362
GHS 12.703146
GIP 0.87362
GMD 84.801577
GNF 10127.450799
GTQ 8.806861
GYD 240.946201
HKD 9.042831
HNL 30.702886
HRK 7.532329
HTG 151.093034
HUF 381.509261
IDR 19647.198159
ILS 3.63078
IMP 0.87362
INR 107.261107
IQD 1511.473816
IRR 1518165.838355
ISK 144.374603
JEP 0.87362
JMD 181.496352
JOD 0.818028
JPY 184.2977
KES 150.112327
KGS 100.898834
KHR 4629.606758
KMF 492.670479
KPW 1038.416856
KRW 1740.236766
KWD 0.356915
KYD 0.959385
KZT 545.521398
LAK 25337.378431
LBP 103322.503804
LKR 363.220569
LRD 212.58712
LSL 19.458793
LTL 3.406862
LVL 0.69792
LYD 7.355496
MAD 10.819733
MDL 20.256207
MGA 4800.94859
MKD 61.552141
MMK 2422.705923
MNT 4121.641181
MOP 9.293953
MRU 46.290528
MUR 54.228169
MVR 17.826364
MWK 2003.564902
MXN 20.506081
MYR 4.646919
MZN 73.796761
NAD 19.464307
NGN 1591.201712
NIO 42.379074
NOK 11.200425
NPR 171.571064
NZD 2.020217
OMR 0.443186
PAB 1.151182
PEN 3.953196
PGK 4.969421
PHP 69.348379
PKR 321.966949
PLN 4.267721
PYG 7446.947116
QAR 4.205706
RON 5.097245
RSD 117.272019
RUB 92.539424
RWF 1685.697134
SAR 4.33228
SBD 9.282572
SCR 16.642346
SDG 693.432238
SEK 10.908451
SGD 1.482964
SHP 0.865646
SLE 28.400055
SLL 24194.554622
SOS 659.392533
SRD 43.095437
STD 23881.264386
STN 24.864321
SVC 10.072841
SYP 127.56896
SZL 19.452785
THB 37.667641
TJS 11.034326
TMT 4.038289
TND 3.367864
TOP 2.778065
TRY 51.470988
TTD 7.809978
TWD 36.870158
TZS 2999.871485
UAH 50.418768
UGX 4318.931897
USD 1.153797
UYU 46.619265
UZS 14047.476687
VES 546.284945
VND 30386.969592
VUV 137.654356
WST 3.191723
XAF 655.940972
XAG 0.015861
XAU 0.000248
XCD 3.118193
XCG 2.074767
XDR 0.814873
XOF 655.929191
XPF 119.331742
YER 275.295435
ZAR 19.469438
ZMK 10385.568304
ZMW 22.246842
ZWL 371.522101
  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    0.5500

    73.75

    +0.75%

  • BCE

    -0.1900

    24.26

    -0.78%

  • NGG

    -0.9300

    87.06

    -1.07%

  • VOD

    -0.0700

    15.14

    -0.46%

  • CMSD

    0.0900

    22.35

    +0.4%

  • CMSC

    0.1400

    22.18

    +0.63%

  • RYCEF

    0.3800

    15.5

    +2.45%

  • RELX

    0.0200

    33.61

    +0.06%

  • RIO

    -0.4400

    94.01

    -0.47%

  • JRI

    0.1200

    12.73

    +0.94%

  • GSK

    -0.3200

    56.37

    -0.57%

  • AZN

    -0.6600

    202.83

    -0.33%

  • BP

    0.3600

    47.48

    +0.76%

  • BTI

    0.4300

    58.71

    +0.73%

US and China have 'positive' meeting at ASEAN foreign minister talks
US and China have 'positive' meeting at ASEAN foreign minister talks / Photo: Mandel NGAN - POOL/AFP

US and China have 'positive' meeting at ASEAN foreign minister talks

US Secretary of State Marco Rubio and Chinese top diplomat Wang Yi had a "positive" meeting in Malaysia on Friday, both sides said, in an apparent bid to ease tensions between the rival powers.

Text size:

Rubio and Wang's first face-to-face meeting since US President Donald Trump returned to office came as Washington and Beijing are locked in disputes ranging from trade to Taiwan -- and both countries vie for greater influence in the region.

"I thought it was a very constructive and positive meeting," Rubio told reporters after the hour-long talks in the capital Kuala Lumpur, but stressed "it was not a negotiation".

"I think we left it feeling as there's some areas we're gonna be able to work together on."

Rubio also expressed confidence that a meeting between US President Donald Trump and Chinese leader Xi Jinping would happen.

"There's a strong desire on both sides to do it," Rubio said, adding no date had been set.

Beijing in a separate statement said "both sides agreed that the meeting was positive, pragmatic and constructive".

Both countries agreed to "enhance communication and dialogue through diplomatic channels... and explore expanding cooperation areas while managing differences," China's foreign ministry said.

The sit-down between Wang and Rubio, a longtime China hawk, came as Asian foreign ministers wrapped up three days of intensive talks at an Association of Southeast Asian Nations meet in Kuala Lumpur.

Top diplomats from Russia, the European Union, Britain and Canada also attended.

- 'Massive deficits' -

US officials said ahead of Rubio's first trip to the region as secretary of state that Washington was "prioritising" its commitment to East and Southeast Asia.

While US tariffs overshadowed the gathering, Rubio said he was "warmly received" by Asian partners as he sought to placate concerns over the duties.

"If you look at some of these trade deficits, they're massive. That has to be addressed," Rubio said at the end of his whirlwind trip.

"Everybody here is a mature leader who understands that that's not sustainable."

Trump has threatened punitive tariffs ranging from 20 to 50 percent against more than 20 countries, many of them in Asia, if they do not strike deals with Washington by August 1.

ASEAN expressed "concern" over tariffs, which it described as "counterproductive" and a threat to regional growth, according to a Joint Communique released Friday.

Long-time US ally Japan faces a 25 percent across-the-board levy, separate from similar charges for cars, steel and aluminium that have already been imposed. South Korea faces a similar tariff.

Rubio met his Japanese and South Korean counterparts earlier on Friday, with his spokeswoman Tammy Bruce calling it an "indispensable relationship".

Wang said on Thursday the US tariff drive "undermines the free trade system".

"The United States' imposition of high tariffs on Cambodia and Southeast Asian countries is an attempt to deprive all parties of their legitimate rights to development," Wang said.

Tensions between the United States and China have ratcheted up since Trump took office in January, with both countries engaging in a tariff war that briefly sent duties on each other's exports sky-high.

- 'Total reset' -

At one point Washington hit China with additional levies of 145 percent on its goods as both sides engaged in tit-for-tat escalation. China's countermeasures on US goods reached 125 percent.

Beijing and Washington agreed in May to temporarily slash their staggeringly high tariffs -- an outcome Trump dubbed a "total reset".

 

US Defense Secretary Pete Hegseth accused China in late May of "credibly preparing to potentially use military force to alter the balance of power" in the Asia-Pacific region.

He also claimed that Beijing "trains every day" to invade Taiwan, which China claims as part of its territory.

In response, Chinese diplomats accused the United States of using the Taiwan issue to "contain China" and called on Washington to stop "playing with fire".

X.Vanek--TPP