Trump–Xi Meeting Still On Track: Bessent
US Treasury Secretary Scott Bessent said China’s new export controls were a “miscalculation” but that both countries are now communicating ahead of a planned Trump-Xi meeting on the sidelines of the APEC Summit in South Korea. The diplomatic strain follows China’s move to restrict exports of rare earth minerals critical to semiconductors and weapons systems, and Trump’s threat of 100% tariffs on Chinese imports.
