Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer reported progress in talks with Chinese officials ahead of this week’s meeting between President Donald Trump and Chinese President Xi Jinping, while leaving unresolved the terms of an extension to the countries’ trade truce.
\n\nGreer indicated Monday that Washington could support extending the agreement by three to six months, according to Bloomberg News. The two sides will continue negotiating, with the duration of an extension remaining a point of disagreement.
\n\n“The focus is on stability between the US and China and we are continuing that,” Greer said, Bloomberg reported.
\n\nBessent described Sunday’s discussions with Chinese Vice Premier He Lifeng in New York as “very successful,” according to Bloomberg. The talks covered trade, investment and artificial intelligence, setting the stage for Trump and Xi’s scheduled Thursday summit in Washington.
\n\nThe existing trade truce expires November 10. In a Monday interview with CNBC, Bessent said an extension had been discussed but did not announce an agreement, Reuters reported.
\n\nDisagreements extend beyond the timetable. The United States believes China has not fully honored commitments on rare earth exports.. Those concerns remain part of negotiations over preserving the arrangement reached following last year’s Trump-Xi…
Original source: https://www.breitbart.com/economy/
