US Treasury secretary Scott Bessent will meet his Chinese counterpart next week in a gathering that could determine if President Donald Trump and China’s leader Xi Jinping proceed with a planned summit in South Korea.
Speaking at the White House, Bessent said he would talk to Chinese vice-premier He Lifeng on Friday evening and meet him in Malaysia next week.
The call and meeting follow a significant escalation in tensions between the countries after China last week announced sweeping export controls on rare earths and critical minerals that will severely hit global supply chains.
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