Chinese vice premier, US Treasury chief to meet next week
(MENAFN) Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent have agreed to meet in person next week for a new round of economic and trade discussions, following a video call on Saturday.
Bessent described the discussions as “frank and detailed” regarding bilateral trade, while Chinese officials confirmed that both sides agreed to hold the talks “as soon as possible.”
According to the Chinese statement, the call involved “candid, in-depth, and constructive exchanges on implementing the important consensus reached by the two heads of state during their phone talks since the start of this year and key issues in bilateral economic and trade relations.” US Trade Representative Jamieson Greer also participated in the call.
The video call comes after a tense week in US-China trade relations. On October 10, China expanded its export restrictions on rare earth minerals, including their use for military purposes, marking a first for the country. In response, President Donald Trump initially threatened to impose an additional 100% tariff on Chinese imports, though he later indicated the threat might not be enforced.
Trump commented in a Fox Business interview: “It’s not sustainable, but that’s what the number is… It’s probably not, you know, it could stand, but they forced me to do that. I think we’re going to do fine with China.”
The upcoming in-person talks aim to address key bilateral trade issues and implement agreements reached during earlier high-level discussions between the two leaders.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
