WATCH: Bessent says Trump still expects to meet Chinese leader as trade tensions increase
Summary
President Donald Trump expects to meet with Chinese leader Xi Jinping during APEC week in South Korea. Trade tensions between the U.S. and China are rising due to new tariffs and export controls. Treasury Secretary Scott Bessent mentioned these issues during a press conference.Key Facts
- President Trump plans to meet with China's leader Xi Jinping in South Korea.
- The meeting is expected to happen during APEC week.
- Trade tensions have increased between the U.S. and China.
- China expanded export controls on rare earth minerals.
- Trump announced a 100% tariff on Chinese goods, starting November 1.
- Treasury Secretary Scott Bessent spoke about these issues at a press conference.
- Bessent also mentioned the economic impact of a shutdown, costing $15 billion per day.
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