“We discussed a wide variety of issues, from the rare earth, from the rare earth magnets to trade, to substantial purchases of American agricultural products, to the Chinese helping us in this fentanyl crisis that we have in the U.S., Bessent said later Sunday in an interview with CBS’s “Face the Nation” program. “I believe that the Chinese will be making substantial purchases again” of American soybeans, he added.
Beijing described the two days of talks by Chinese Vice Premier He Lifeng and chief international trade negotiator Li Chenggang with Bessent and Greer as “candid, in-depth and constructive,” according to a Chinese Commerce Ministry statement on Sunday.
The talks focused on issues including the Trump administration’s imposition earlier this month of new port fees targeting Chinese cargo ships, an extension of the Nov. 10 deadline suspending a return to triple-digit reciprocal tariffs, export controls and Washington’s fentanyl tariffs imposed in February, the statement said.
“The current turbulences and twists and turns are the ones that we do not wish to see,” Li told reporters, adding that a stable China-U.S. trade and economic relationship is good for both countries and the rest of the world, Bloomberg reported.
The Commerce Ministry readout indicated that the two days of talks created a foundation for a successful meeting between Trump and Xi later this week in South Korea.
“They reached a basic consensus on arrangements to address their respective concerns,” the statement said. “Both sides agreed to further refine specific details and complete their respective domestic approval procedures.”
Phelim Kine and Sophia Cai contributed reporting.
First Appeared on
Source link
