AdvertisementAdvertisementUS Treasury Secretary Scott Bessent, left, and US Trade Representative Jamieson Greer during a press conference after the trade talks between the US and China in Stockholm, Sweden, Tuesday, July 29, 2025. (Photo: AP/Magnus Lejhall/TT News Agency)15 Oct 2025 02:22AM (Updated: 15 Oct 2025 02:29AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST WASHINGTON: US Trade Representative Jamieson Greer said on Tuesday (Oct 14) that whether additional 100 per cent tariffs on Chinese exports take effect on Nov 1 or sooner depends on Beijing’s next moves, though he acknowledged it may be difficult for China to find an off-ramp.Greer told CNBC that US and Chinese officials held staff-level trade talks in Washington on Monday, and that both sides were still exploring a resolution over China’s restrictions on critical minerals exports.“We think we’ll be able to work through it, but we can’t have a situation where the Chinese keep this regime in place, where they want to have veto power over the world’s high-tech supply chains,” Greer said. “I think they have realized that they’ve overstepped.”TRADE TENSIONS ESCALATEFinancial markets have been volatile since President Donald Trump announced new 100 per cent duties on Chinese goods, on top of average tariffs of 55 per cent, in retaliation for Beijing’s expanded controls on rare earth exports.Treasury Secretary Scott Bessent and China’s Commerce Ministry have been working to ease concerns, assuring investors that talks are continuing to defuse a potential escalation in the trade war.The International Monetary Fund warned on Tuesday that further deterioration in US-China trade ties could slow global growth and add inflationary pressures.Greer said Trump remained open to negotiation, calling him a “dealmaker,” but added that China must show flexibility.Chinese airlines push back against Trump plan to bar Russia overflights on US routesUS and China impose tit-for-tat port feesChina says will 'fight to the end' in US trade warXI-TRUMP MEETING STILL PLANNEDChinese officials gave “contradictory explanations” about the export curbs, Greer said, describing them as both retaliation and a national security measure. “They can’t have it both ways,” he told CNBC.The trade chief noted that the US also has leverage, citing China’s weak property sector, high unemployment and dependence on exports.“There’s still a plan for Trump and Chinese President Xi Jinping to meet, but whether it’ll go through or not — that’s up to the Chinese,” Greer said. “It makes sense for people to talk when they can.”Source: Reuters/fsSign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST