Top economic officials from the US and China ended their first day of talks in Kuala Lumpur on Saturday, with a Treasury spokesperson describing them as "very constructive".

The world's two largest economies are looking to avert an escalation of their trade war and ensure that a meeting happens next week between US President Donald Trump and Chinese President Xi Jinping.

The talks on the sidelines of the Association of Southeast Asian Nations summit will chart a path forward after Trump threatened new 100% tariffs on Chinese goods and other trade curbs starting on November 1, in retaliation for China's vastly expanded export controls on rare earth magnets and minerals.

The recent actions, which also include an expanded US export blacklist that covers thousands more Chinese firms, have d

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