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The United States is open to extending the trade truce with China that expires on November 10 or considering an agreement commercial possibly broader, the secretary of the Treasure, Scott Bessentleaving a meeting with the Chinese vice premier, He Lifengintended to prepare the summit between the leaders of both countries.
Bessent did not offer details about a possible larger trade agreement between both powers after his second meeting with I have in four days. The US president is expected to donald trumpand the Chinese president, Xi Jinpingwill address these issues further Thursday at the White House.
“The Chinese side on Sunday raised the idea of a broader agreement and, given that this could be a historic year in which leaders meet up to four times… we are open to the idea of simply continuing with the Busan agreement or examining the option of a larger agreement,” he said. Bessent to journalists.
“We are fine with both options and will do what is best for the American people,” he added.
Previously, Bessent had described the meeting at the headquarters of the World Bankl in Washington as a way to resolve some “unfinished business” before the summit Trump-Xiand stated that the administration trump sought strategic stability based on “reciprocity and equity.”
However, his comments after the meeting were the clearest signal yet that an extension of the trade truce reached last year in Busan, South Korea, was on the summit agenda. Trump-Xi.
Bessent, I have and the United States Trade Representative, Jamieson Greermet Sunday in New York to prepare potential trade and artificial intelligence deals for the two leaders to consider.
Bessent described the meeting as “successful” and said that both parties agreed to launch a “hot line” of communication to notify each other of incidents related to the security of AI.
The Chinese response was not clear and the state news agency Xinhua He simply acknowledged that both sides had debated AI.
