"The comments came after Trump, angered by China's October 9 decision to expand export controls on key rare earth minerals, announced an additional 100 percent tariff on Chinese goods set to take effect on November 1. But there have since been substantial communications between the two sides, with additional staff-level meetings expected this week, said Bessent. The relationship, despite this announcement last week, is good."
"Bessent stressed that Trump and Xi have a very good relationship and suggested that Beijing's latest policy on rare earth elements could have originated from a lower-level official rather than Xi himself. The comments echo Trump's seemingly conciliatory message the day before, in which he assured all will be fine with US-China relations. Don't worry about China, it will all be fine! Trump wrote in a post on Truth Social."
US Treasury indicates President Trump may call off a planned 100 percent tariff on Chinese goods as negotiations between the two countries continue. China expanded export controls on key rare earth minerals on October 9, prompting Trump to announce the tariff set to take effect on November 1. Communications between Washington and Beijing have substantially increased after tit-for-tat trade moves, with staff-level meetings expected and lines of communication reopening. A planned meeting between Trump and Xi at the APEC forum in South Korea in late October remains scheduled. Beijing's rare-earth policy may have originated from lower-level officials, and Trump posted reassurances on Truth Social.
Read at www.aljazeera.com
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