WASHINGTON: US President Donald Trump was on track to meet with Chinese leader Xi Jinping in South Korea as the two sides de-escalate tensions over trade disputes, US treasury secretary Scott Bessent said on Monday. The latest flare-up in US-China trade talks began on Thursday when China dramatically expanded its rare earths export controls, drawing a sharp countermeasure from Trump on Friday.
Bessent said there were substantial communications between the two sides over the weekend. “We have substantially de-escalated,” Bessent said in an interview with Fox Business Network. “President Trump said that the tariffs would not go into effect until Nov1. He will be meeting with Party Chair Xi in Korea. I believe that meeting will still be on.”
There will be lots of staff-level meetings this week in Washington on the sidelines of the World Bank and IMF events in Washington, he said.
REUTERS
Bessent said there were substantial communications between the two sides over the weekend. “We have substantially de-escalated,” Bessent said in an interview with Fox Business Network. “President Trump said that the tariffs would not go into effect until Nov1. He will be meeting with Party Chair Xi in Korea. I believe that meeting will still be on.”
There will be lots of staff-level meetings this week in Washington on the sidelines of the World Bank and IMF events in Washington, he said.
REUTERS
You may also like
Hardworking people suffer more: 5 hard truths to turn job struggles into growth opportunities, Ankur Warikoo explains
Ex-Premier League defender turned down Arsenal transfer after 'weird 12 hours'
Bihar polls: BJP announces first list of 71 candidates; Deputy CMs and former Deputy CMs among key picks
You've been washing your hair 'wrong' – expert shares 'correct' way to shampoo locks
Dog owner moves into new home and gags over unlikely 'squatters'
