US Treasury Secretary Scott Bessent said he expects to meet his Chinese counterpart within the next few weeks, extending the highest-level economic dialogue between Washington and Beijing. The planned session would follow talks held earlier this year in Geneva and London and aims to build on a fragile détente after a series of tariffs threatened to curb bilateral commerce. Bessent told CNBC that US-China trade ties are “in a good place,” but signaled the agenda could widen beyond tariffs. He said Washington wants to raise China’s purchases of sanctioned Russian and Iranian oil, address concerns over industrial overcapacity and consider other areas where the two economies might cooperate. The timing of the meeting has not been finalised, yet it comes as pressure for additional US trade measures against China continues to mount in domestic politics.
#Treasury Secretary Scott Bessent said the next round of US-China talks could include a discussion of China’s purchases of Russian and Iranian oil
Treasury Secretary Scott Bessent said the next round of US-China talks could include a discussion of China’s purchases of Russian and Iranian oil https://t.co/OCUrX95dN8
*BESSENT: GOING TO BE ENGAGING IN CHINA TALKS NEAR FUTURE 🇺🇸🇨🇳