US Treasury Secretary Bessent Sees Trade Breakthrough with China

US Treasury Secretary Scott Bessent anticipates a “pretty big breakthrough” in the next round of trade talks with China, despite ongoing tensions and retaliatory measures. A key moment is expected at the upcoming regional summit in South Korea, where Presidents Donald Trump and Xi Jinping are set to hold a pull-aside meeting. Bessent also highlighted his own negotiations with Chinese Vice Premier He Lifeng, marking the fifth round of discussions. While previous talks have been inconclusive, the upcoming engagements could reshape the trajectory of US-China trade relations, especially as the Trump administration moves to support American farmers impacted by reduced Chinese purchases. Source: Bloomberg --- #USChinaTrade #ScottBessent #DonaldTrump #XiJinping #TradeTalks #Geopolitics #SoybeanTariffs #EconomicDiplomacy #BloombergNews #GlobalMarkets

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