USTR Greer, Treasury’s Bessent heading to Malaysia for talks with Chinese counterparts

U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese officials about what he called "incredibly aggressive" measures by Beijing to curb exports of rare earth minerals.

Bessent told CNBC's "Squawk Box" program that there was still a spot on the schedule for President Donald Trump to meet Chinese President Xi Jinping, but it would be a mutual decision if the meeting took place.

Greer said China's measures violated a commitment their officials had made months ago to keep supplying rare earths needed for high technology, but there was still a "good landing zone" for the U.S. and China to trade in a more balanced way.