UPDATE - China, US hold trade talks in Malaysia ahead of Trump's meeting with Xi

​​​​​​​ADDS REMARKS BY TRUMP

​​​​​​​By Riyaz ul Khaliq

ISTANBUL (AA) - Top officials from China and the US reconvened Sunday for a second day of trade talks in Malaysia, as President Donald Trump began a three-nation Asia tour, during which he will meet President Xi Jinping.

The latest rounds of the talks between the world’s top two economies began Saturday on the eve of the summit of the Association of Southeast Asian Nations (ASEAN), which opened Sunday in Kuala Lumpur.

The Chinese delegation is led by Vice Premier He Lifeng, and the US team is headed by Treasury Secretary Scott Bessent.

The meeting marks the fifth between the sides. The top negotiators previously held talks in Geneva, London, Stockholm and Madrid.

In August, the US and China agreed to a truce in tariffs until Nov. 10 -- the third time since Trump raised tariffs to 145% before reducing them. China had raised its tariffs on US goods up to 125%.

Trump arrived in Kuala Lumpur as ASEAN began its 47th summit, becoming the third US president to visit the Southeast Asian nation. The first trip by an American president was in 1966 by Lyndon B. Johnson.

He was received by Prime Minister Anwar Ibrahim before the two drove to the Kuala Lumpur Convention Centre for meetings between the US and Malaysia, as well as the summit.

Trump, alongside Anwar, will also witness the signing of a peace accord between Cambodia and Thailand, which saw deadly border clashes in July.

Malaysia is hosting the ASEAN summit from Sunday to Tuesday.

The meeting between top Chinese and US trade negotiators comes ahead of Trump's meeting with Xi next week in South Korea, where the leaders of the world's largest economies will attend a summit of the Asia-Pacific Economic Cooperation forum.

Aboard Air Force One on the way to Malaysia, Trump told reporters that he and Xi have “a lot of things to discuss.”

“They have to make concessions. I guess we would, too. We’re at 157% tariff for them. I don’t think that’s sustainable for them, and they want to get that down, and we want certain things from them,” he said, on his way to Asia, where he will visit Malaysia, Japan as well.

On a tariff deal with South Korea, Trump said "it is pretty close to be finalized," Bloomberg News reported.