US Treasury chief says trade talks with China to continue next week in Sweden
Bessent told Fox Business that he would be speaking with Chinese officials on Monday and Tuesday for a third round of high-level talks in Stockholm – following face-to-face discussions he held with Chinese Vice Premier He Lifeng in Geneva and London – to work out a likely extension of the pause beyond mid-August.
Beijing has yet to confirm the Stockholm talks, but Swedish Prime Minister Ulf Kristersson confirmed in a post on X on Tuesday that his country would play host to the US-China negotiations next week.
After US President Donald Trump's announcement of 'reciprocal' tariffs on April 2, Washington and Beijing raised punitive levies on each other's exports to triple-digit percentage levels.
Since then, trade relations have thawed somewhat as the countries have engaged in talks, marked by a June telephone call between Trump and Chinese President Xi Jinping.
On Monday Bessent said that the talks were 'in a good place', a sanguine take on negotiations echoed by Beijing's embassy in Washington, which said 'new progress' had been made in resolving each other's economic and trade concerns.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RTHK
4 hours ago
- RTHK
Trump plays golf as protesters rally
Trump plays golf as protesters rally President Trump on the golf course his first full day of a visit to Scotland. Photo: Reuters US President Donald Trump played golf under tight security on the first full day of a visit to Scotland Saturday, as hundreds of protesters took to the streets in major cities. Trump played at his Turnberry resort with son Eric and US ambassador to the UK Warren Stephens, waving to photographers following his arrival in his mother's birth country on Friday evening. His presence has turned the picturesque and normally quiet area of southwest Scotland into a virtual fortress, with roads closed and police checkpoints in place. Police officers - some on quad bikes and others on foot with sniffer dogs - patrolled the famous course and the sandy beaches and grass dunes that flank it. Secret Service snipers were positioned at vantage points while some other golfers on the course were patted down by security personnel. The 79-year-old touched down Friday at nearby Prestwick Airport as hundreds of onlookers came out to see Air Force One and catch a glimpse of its famous passenger. The president has professed a love of Scotland, but his controversial politics and business investments in the country have made for an uneasy relationship. Speaking to reporters on the tarmac, Trump immediately waded into the debate surrounding high levels of irregular migration, and lashed out at renewable energy efforts. Trump's five-day visit, which is set to mix leisure with business and diplomacy, has divided the local community. Several hundred protesters demonstrated outside the US consulate in the capital Edinburgh and in the city of Aberdeen, near where Trump owns another golf resort. The protests were organised by the Stop Trump Coalition. Participants held placards with slogans like "Scotland hates Trump" and waved Palestinian flags. (AFP)
South China Morning Post
4 hours ago
- South China Morning Post
‘Failure' for Taiwan's William Lai as all 24 opposition KMT lawmakers survive mass recall vote
Voters in Taiwan on Saturday resoundingly rejected a mass recall campaign targeting opposition lawmakers, dealing a major setback to Taiwanese leader William Lai Ching-te and his ruling Democratic Progressive Party (DPP) while handing the Kuomintang (KMT) a surprise reprieve. All 24 lawmakers from the Beijing-friendly KMT who faced recall votes survived, in what analysts described as a serious political miscalculation by the DPP and its affiliated civil society groups. The backfiring of the DPP's high octane campaign, which was championed as a way to root out 'pro-China forces' and safeguard Taiwan's democracy, exposes growing public fatigue with 'anti-China' rhetoric as a blanket strategy. Beijing, which regards Taiwan as a part of China to be reunited by force if necessary, has intensified military pressure on the island since Lai took office in May last year and provoked Beijing with what it calls 'separatist' and pro-independence remarks. 01:40 Tens of thousands rally in Taiwan against William Lai as recall turmoil engulfs legislature Tens of thousands rally in Taiwan against William Lai as recall turmoil engulfs legislature The United States, like most countries, does not recognise self-governed Taiwan as independent. However, it is opposed to any unilateral change to the status quo and is committed to supplying Taiwan with weapons for defence.
RTHK
4 hours ago
- RTHK
Trump plays golf as protesters rally
Trump plays golf as protesters rally President Trump on the golf course his first full day of a visit to Scotland. Photo: Reuters US President Donald Trump played golf under tight security on the first full day of a visit to Scotland Saturday, as hundreds of protesters took to the streets in major cities. Trump played at his Turnberry resort with son Eric and US ambassador to the UK Warren Stephens, waving to photographers following his arrival in his mother's birth country on Friday evening. His presence has turned the picturesque and normally quiet area of southwest Scotland into a virtual fortress, with roads closed and police checkpoints in place. Police officers - some on quad bikes and others on foot with sniffer dogs - patrolled the famous course and the sandy beaches and grass dunes that flank it. Secret Service snipers were positioned at vantage points while some other golfers on the course were patted down by security personnel. The 79-year-old touched down Friday at nearby Prestwick Airport as hundreds of onlookers came out to see Air Force One and catch a glimpse of its famous passenger. The president has professed a love of Scotland, but his controversial politics and business investments in the country have made for an uneasy relationship. Speaking to reporters on the tarmac, Trump immediately waded into the debate surrounding high levels of irregular migration, and lashed out at renewable energy efforts. Trump's five-day visit, which is set to mix leisure with business and diplomacy, has divided the local community. Several hundred protesters demonstrated outside the US consulate in the capital Edinburgh and in the city of Aberdeen, near where Trump owns another golf resort. The protests were organised by the Stop Trump Coalition. Participants held placards with slogans like "Scotland hates Trump" and waved Palestinian flags. (AFP)
