Bessent sets stage for Xi visit in high-level China talk
Summary
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer spoke by video call with China’s Vice Premier He Lifeng to prepare for President Xi Jinping’s visit to the U.S. The meeting focused on future trade deals, including commitments on rare earth minerals and U.S. agricultural products, amid ongoing tensions over technology and national security.Key Facts
- The video call lasted more than an hour and was described as friendly.
- The call aimed to prepare for President Xi’s upcoming visit and possible trade agreements with President Trump.
- Bessent stressed that China should meet its trade commitments on rare earth minerals and U.S. farm goods.
- They discussed using Trade and Investment Boards to improve U.S.-China economic relations.
- The U.S. has tried to limit China’s access to advanced microchips due to competition in artificial intelligence.
- China has threatened to restrict minerals needed for advanced computer and weapons technology.
- The Trump administration recently announced bans on certain Chinese robots and power inverters for security reasons.
- The ongoing Iran war complicates U.S.-China relations, as China plans to sell missiles to Iran, a U.S. concern.
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