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U.S. and China aim for trade breakthrough before Trump-Xi meeting at APEC summit.
Treasury Secretary Scott Bessent anticipates a significant breakthrough in U.S.-China trade relations ahead of a planned meeting between President Trump and Chinese leader Xi Jinping at the APEC summit in South Korea.
Bessent cited ongoing talks with China’s Vice Premier He Lifeng and emphasized the importance of direct leadership dialogue, while Trump highlighted soybean trade and pledged to support farmers using tariff revenues.
Bessent blamed Biden-era policies for reduced Chinese agricultural purchases, a claim challenged by CNBC’s Joe Kernen, who dismissed it as politically motivated.
The administration continues to navigate a government shutdown affecting USDA services and faces internal divisions on foreign policy and budgetary matters.
Estados Unidos y China aspiran a un avance comercial antes de la reunión Trump-Xi en la cumbre de APEC.