China, Trump and trade deal
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President Donald Trump on Tuesday said a trip to China might be “not too distant,” raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war.
Treasury Secretary Scott Bessent said the U.S. is likely to hash out an extension of President Donald Trump’s upcoming trade deadline with China.
Bessent also indicated the US hopes to use the meetings to press Beijing on broader economic issues, including reducing manufacturing overcapacity and encouraging the development of China’s consumer economy.
China is refusing to let a U.S. Department of Commerce employee and a Wells Fargo banker leave the country, officials say.
China wants to bring its trade ties with the U.S. back to a stable footing, its commerce minister said, adding that recent talks in Europe showed there was no need for a tariff war while urging the U.
The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.