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flag U.S. and China hold urgent talks in Malaysia over China’s rare earth export controls, sparking fears of trade retaliation.

flag U.S. and Chinese officials, including Treasury Secretary Scott Bessant and U.S. Trade Representative Jamieson Greer, are holding urgent trade talks in Malaysia to address Beijing’s new, "incredibly aggressive" export controls on rare earth minerals. flag The discussions aim to de-escalate tensions ahead of a potential presidential summit, as the U.S. opposes the restrictions for threatening global supply chains and is considering retaliatory measures. flag Despite the friction, officials stress a desire for a balanced trade relationship and continued dialogue, while acknowledging ongoing disputes over market access.

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