US EditionTrump, Xi likely to discuss trade soon: Bessent
- The leaders of the United States and China are anticipated to have a discussion soon aimed at resolving the deadlock in their ongoing trade negotiations.
- Negotiations came to a halt when Trump claimed that China had breached a recently agreed-upon Geneva arrangement to temporarily reduce tariffs for a 90-day period.
- China has delayed granting permissions for shipments of rare earth minerals and other key materials essential for manufacturing, heightening US frustration and disrupting important supply chains.
- US Treasury Secretary Scott Bessent expressed optimism that a conversation between President Trump and China's Party Chairman Xi Jinping would resolve the ongoing issues, and he anticipated that such talks would occur in the near future.
- If the call happens, it could break the impasse, although some officials note the withholding of products might be a glitch or intentional, with outcomes to be seen after the conversation.
117 Articles
117 Articles
US Treasury Secretary Scott Bessant told CBS's Face the Nation program on Sunday that Trump and Xi Jinping would soon hold talks to resolve trade disputes, including disagreements over China's limits on export of critical minerals and select minerals.
Washington. U.S. Treasury Secretary Scott Bessent said he expected President Donald Trump and his Chinese counterpart Xi Jinping to speak soon to smooth trade roughs, including a dispute over critical minerals.
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