Bessent leads U.S. talks with China ahead of Trump-Xi summit as Iran and trade war loom over 'big year' for bilateral ties | Fortune
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Bessent leads U.S. talks with China ahead of Trump-Xi summit as Iran and trade war loom over 'big year' for bilateral ties | Fortune
"The delegations, led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, convened in the French capital in the morning, China's official news agency Xinhua reported. The White House has said that Trump will travel to China from March 31 to April 2, though Beijing has not officially confirmed it."
"Trump's visit to China will be the first for a U.S. president since he went in his first term in 2017. It will come five months after the two leaders met in the South Korean city of Busan and agreed to a one-year truce in a trade war that temporarily saw tit-for-tat tariffs soar to triple digits before the two sides climbed down."
"Still, trade remains a source of tensions. The commerce ministry on Friday hit back against the Trump administration's new trade investigation into 16 trading partners, including China. The investigation - which came after a Supreme Court ruling struck down Trump's sweeping global tariffs that were imposed last year - could pave the way for new tariffs."
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng led delegations in Paris for economic and trade discussions. Trump is scheduled to visit China from March 31 to April 2, marking his first presidential visit since 2017. The talks follow a five-month truce agreement reached in Busan that temporarily halted escalating tariffs. Trade tensions persist as the Trump administration launched investigations into 16 trading partners, potentially leading to new tariffs. Additional discussion topics may include Iran-related concerns and maintaining open shipping routes through the Strait of Hormuz.
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