China and US Set for New Round of Trade Talks
China and the United States have agreed to hold another round of trade talks next week as both sides work to ease tensions and prevent a renewed tariff battle between the world’s two largest economies. The agreement followed a phone call on Saturday between Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent. According to Chinese state media, the two had “candid, in-depth and constructive exchanges” and agreed to meet in person “as soon as possible.” Bessent described the conversation as “frank and detailed,” confirming that discussions would continue in person next week. US Trade Representative Jamieson Greer also joined the call, according to China’s Xinhua news agency. The talks come after Beijing imposed new restrictions on its rare earths industry, key to manufacturing items such as smartphones and missiles. In response, US President Donald Trump threatened to […]