Quite frankly, these are not a "carb" but really a simple diaphragm-driven form of fuel injection.
They rely on case pressure pulsations or changes in the engine to actually pump the fuel by squirts into the throttle body where it is ingested by the inward flow into the engine.
Most problems with these units are from gum or varnish build-up to the point of not allowing fuel to flow during one or more of the circuits or adjustments to supply sufficient gas to keep the mixture correct and the engine running.
There is a Walbro and a Tillotson, and these are the most typical types that occur in US 2-cycle devices. These also show up on Trail engines which are a Canadian manufacturer, so you can see they are quite universal.
Anyway, usually the act of disassembling the unit and reassembly takes care of the problem "mysteriously" as the diaphragm was usually stuck from the gum and is now freed up by the act of "looking" for a problem...which isn't really apparent to the tinkerer.
The plastic limiter caps should be pried off the stems of the high and low speed mixture control needle valves, as you don't have to worry about any guarantees or warranties at this late date anyway.
The reason for taking them off is so you can GENTLY! bottom the needles into their seats to remove any debris that might be caught there. Try to count the number of turns you made to get them to the bottom, and return them to their original positions as well as you can.
Both needles will affect the others' territory for mixture control unfortunately.
Turning the high speed will also cause a small loss of adjustment at low speed and vice versa. It is a "seek & destroy (and learn)" experience and once you do it correctly, you'll know the procedure for a while.
Start with the low speed jet, this is assuming you have taken the unit apart and don't see anything amiss...like I said, it may not have been anything but a stuck diaphragm anyway.
Try to get a good idle mixture at low speed...if you need to use the choke to keep it running, the mixture is too lean so back out the screw a little more.
After you get a decent (but not perfect) idle, then go for the high speed adjustment. Here you need to be a little carefull...too lean can overheat the engine and it will run badly.
There are a few things to consider here.
Lean creates a lot of speed for a few moments..but it will usually "sag" and lose speed and stall.
Rich creates a "fat" running condition that will break into a four-cycle-type of sound...firing on every other beat or skipping a few and then firing randomly. This can be adjusted by turning the screw IN a little until you get a clean "on the pipe" type sound. We aren't done yet.
Repeat the idle adjustment..trying to get it better than the first time.
Now go to the high speed again, and when you get it running very well, just back out the high speed screw a tiny but until you hear a slight change of exhaust note. It should lose a little speed, but not too much.
We want the engine to be slightly fat at high speed to keep it cool and keep the power up when it is really working harder.
Another thing that most people get wrong is this:
Adding more oil than necessary or specified in the premix will make the engine run hotter, as the gasoline content is what counts here. More oil = less gasoline in the mix and that means overheating and engine damage. Do the little guy a favor and keep the mix in the proper ratios.
Don't buy outboard engine mix/oil, as this is designed for water cooled engines, and yours is NOT water cooled! They are very different oils for very different purposes.
DO NOT USE engine oil in the premix either! It is not designed to go thru combustion...