US and China hold preparatory talks ahead of Trump-Xi summitTrump-Xi summit in Beijing
Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng conducted talks in South Korea on Wednesday to prepare for a summit between US President Donald Trump and Chinese President Xi Jinping scheduled for later this week in Beijing.
The discussions were described as candid and constructive, signaling potential progress on trade and economic issues between the world's two largest economies.
- US-China trade tensions have cost American farmers and manufacturers billions since 2018 tariff escalations.
- Beijing hosts roughly 150 foreign embassies and serves as the diplomatic hub for most major international negotiations with China.
