The Minister of Finance of USA Scott Bessed said he expected to meet with his Chinese counterpart in the coming weeks to promote discussions about the trade and other issues between the two largest economies in the world.
“I will meet with my Chinese counterpart sometime within the next two weeks,” US Finance Minister Scott Besenche told CNBC on Monday. “We had good meetings in Geneva, London. We both approached it with great respect “” I think there are things we can do together if the Chinese want to do so, so we will discuss if we are able to move beyond trade in other areas, “Scott Besed continued according to Bloomberg sources.
While Bessed did not name his counterpart name, the finance minister has previously dealt with Chinese Vice President He Lifeng. Lifeng led his country’s delegation for talks in London last month with the US for trade.
The US and China exchanged mutilated tit-for-tat duties earlier this year, which threatened to cause suffocation in trade, annoying financial markets, which feared the conflict would cause world recession. Negotiations in Geneva and later in London saw the two nations agree to a truce on which Beijing has agreed to facilitate exports of rare earths that are vital to a number of US industries, such as chips, clean energy, and clean energy, and clean energy.
These minerals were of great importance in discussions between countries. Bessent warned last week that the flows of these critical materials have not yet returned to April levels.
However, the framework between the US and China is far from being complete and remain complicated issues to resolve, including Trump’s concerns about the distribution of fentanyl and its efforts to ensure an agreement on the divestment of US -based social activities by Tiktok.
This agreement requires Beijing’s signing, giving the country a source of leverage to possibly extract US concessions to trade and other issues. Trump has stated that he has a prospective buyer for Tiktok – a consortium of investors including Oracle Corp, Blackstone and Business Capital Company Andreessen Horowitz.