US Treasury Secretary Bessent Meets Chinese Vice Premier, Weighing 'Larger Deal' Ahead of Summit
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US Treasury Secretary Bessent met with Chinese Vice Premier He Lifeng in Washington on the 23rd, working out final arrangements ahead of the two countries' summit on the 24th. After the meeting, Bessent told reporters that he stressed openness to continuing the summit agreement reached last October and to considering an even larger deal. The two men had also held talks in New York on the 20th, and according to Bessent, the Chinese side proposed a larger deal at that time. He has also indicated a willingness to extend the trade truce, which expires on November 10, and to lower tariffs. After the meeting on the 23rd, Bessent said in a post on X that they held substantive discussions on the US-China economic relationship, focusing on securing meaningful commitments that protect American workers, farmers, and businesses and advance economic and national security interests.