Trump on track to meet Xi in South Korea, Bessent says
The US and China de-escalated trade tensions with ongoing talks and planned meeting despite Trump's 100% tariff threat on Chinese goods starting November 1, Treasury Secretary said.
- U.S. stocks rose after President Trump and Treasury Secretary Scott Bessent discussed easing trade tensions with Chinese President Xi Jinping, amid fears of renewed tariffs.
- Bessent mentioned that both leaders could still negotiate before Trump's deadline for proposed tariffs.
- Xi's government responded that threatening tariffs is not the correct approach and called for dialogue to resolve issues.
- China's Foreign Ministry criticized Trump's new tariffs as 'not the right way to engage' and emphasized the need for dialogue.
40 Articles
40 Articles
Trump, Xi to meet as US-China trade tensions reignite
President Donald Trump and President Xi Jinping will meet later in October amid renewed trade strain following the United States’ threat to impose additional 100 percent tariffs on China. The American leader had explained that the new tax, effective early next month, was in retaliation for the Chinese government’s announcement of major expansion of rare earths export controls. In an interview with Fox Business Network on Monday, U.S. Treasury Se…
Trump already trying to walk back his new tariff threat with China: WSJ
President Donald Trump was ramping up another round of trade salvos with China, but now he appears to be looking for a way to back down and make nice, wrote the conservative Wall Street Journal editorial board — and the feeling looks mutual."After threatening additional 100% tariffs on Chinese imports starting Nov. 1, Trump in recent days spoke with senior officials, including Treasury Secretary Scott Bessent, about sending a message to the worl…
Bessent says Trump will meet Xi for talks in S. Korea
WASHINGTON — U.S. President Donald Trump will meet Chinese President Xi Jinping for talks in South Korea, Treasury Secretary Scott Bessent said Monday, days after Trump threatened to cancel the meeting, criticizing China's move to impose export controls on rare earths. Bessent made the remarks in a Fox Business interview as Trump plans to visit South Korea later this month. Korea is set to host the Asia-Pacific Economic Cooperation (APEC) summit…
Treasury Secretary Bessent says Trump-Xi meeting still on
United States Treasury Secretary Scott Bessent anticipates a meeting between President Donald Trump and Party Chair Xi Jinping in South Korea. This comes amid China's new rare earths export controls. Bessent stated that all options remain open for retaliation against this move. He believes substantial communication has occurred and expects global support from allies.
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