U.S. Treasury’s Bessent to visit China next week amid tariff truce expiry
The U.S. Treasury Secretary will meet Chinese Vice Premier He Lifeng in Malaysia next week in an effort to prevent the escalation of U.S. tariffs on Chinese imports — particularly rare-earth materials linked to tech manufacturing. President Trump had previously threatened a 100% tariff from November 1 unless Beijing lifted export curbs. The meeting follows a virtual high-level call and a temporary trade truce agreement set to expire November 10. Market analysts say progress could ease supply-chain strain; failure may intensify machinery and tech-tariff risks.
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1 day ago
U.S. Treasury’s Bessent to visit China next week amid tariff truce expiry
The U.S. Treasury Secretary will meet Chinese Vice Premier He Lifeng in Malaysia next week in an effort to prevent the escalation of U.S. tariffs on Chinese imports — particularly rare-earth materials linked to tech manufacturing. President Trump had previously threatened a 100% tariff from November 1 unless Beijing lifted export curbs. The meeting follows a virtual high-level call and a temporary trade truce agreement set to expire November 10. Market analysts say progress could ease supply-chain strain; failure may intensify machinery and tech-tariff risks.
neutral
U.S. Treasury’s Bessent to visit China next week amid tariff truce expiry
1 day ago
1 min read
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U.S. Treasury to meet Chinese official next week aiming to avert sharp tariff escalation as trade truce ends.
The U.S. Treasury Secretary will meet Chinese Vice Premier He Lifeng in Malaysia next week in an effort to prevent the escalation of U.S. tariffs on Chinese imports — particularly rare-earth materials linked to tech manufacturing. President Trump had previously threatened a 100% tariff from November 1 unless Beijing lifted export curbs. The meeting follows a virtual high-level call and a temporary trade truce agreement set to expire November 10. Market analysts say progress could ease supply-chain strain; failure may intensify machinery and tech-tariff risks.
The U.S. Treasury Secretary will meet Chinese Vice Premier He Lifeng in Malaysia next week in an effort to prevent the escalation of U.S. tariffs on Chinese imports — particularly rare-earth materials linked to tech manufacturing. President Trump had previously threatened a 100% tariff from November 1 unless Beijing lifted export curbs. The meeting follows a virtual high-level call and a temporary trade truce agreement set to expire November 10. Market analysts say progress could ease supply-chain strain; failure may intensify machinery and tech-tariff risks.