JAKARTA - US President Donald Trump is said to remain planning to meet Chinese President Xi Jinping in South Korea as the two sides ease tensions over trade disputes.
The latest heating up US-China trade negotiations began on Thursday when China dramatically expanded control of its rare land exports, prompting Trump's crackdown on Friday.
US Treasury Secretary Scott Bessent said on Monday, October 13, there was substantial communication between the two sides over the weekend.
"We have experienced substantial deescalation," Bessent said in an interview with Fox Business Network.
"President Trump said that the tariff will not take effect until November 1. He will meet with the Xi Party chairman in Korea. I believe the meeting will continue," he continued.
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"There will be many staff-level meetings this week in Washington on the sidelines of the World Bank's annual meeting and the International Monetary Fund in Washington," he said.
"The United States expects support from allies including Europe, India, and democracies in Asia," he said in the "Mornings with Maria" program.
"Child is the command and control economy. They will not rule or control us," Bessent said.
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