Trump's meeting with Xi appears back on as tone with China softens after tariff threat [View all]
Source: msn/USA Today
11h
WASHINGTON ‒ Treasury Secretary Scott Bessent said he expects President Donald Trump and Chinese President Xi Jinping to still meet in October after Trump threatened to skip their meeting and impose massive tariffs on Beijing in retaliation to new Chinese export controls.
Bessent said Oct. 13 that the Trump administration and China had "substantial communication" over the weekend after Trump threatened to impose a new 100% tariff on imports from China that would take effect Nov. 1.
"He will be meeting with Party Chair Xi in Korea. I believe that meeting will still be on," Bessent said in an interview on Fox Business. "The idea is to give them time to meet and work this out."
The planned meeting with Xi is at the Asia-Pacific Economic Cooperation summit in South Korea, set for Oct. 31 and Nov. 1. Bessent said Trump now believes China's new export controls on rare earth minerals ‒ which triggered Trump's tariff threat ‒ might have come from a "lower-level official," not Xi.
Read more: https://www.msn.com/en-us/news/politics/trumps-meeting-with-xi-appears-back-on-as-us-softens-tone-with-china-after-tariff-threat/ar-AA1Oo3TE
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