US and China Initiate Trade Talks in South Korea Ahead of Trump's Beijing Visit
US, China begin fresh trade talks in South Korea ahead of Trump’s Beijing visit
The Economic TimesImage: The Economic Times
Senior officials from the US and China began a new round of trade talks in Seoul, South Korea, just before US President Donald Trump's visit to Beijing. The discussions, led by Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent, focus on trade issues including agricultural imports and export controls.
- 01US and China officials are meeting in Seoul ahead of Trump's Beijing visit.
- 02Discussions will cover US agricultural exports and China's export controls.
- 03This is the seventh round of negotiations since Trump took office.
- 04The talks are expected to conclude quickly, with Bessent traveling to China afterward.
- 05Trump's visit marks the first by a US president to China in over eight years.
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Senior officials from the US and China commenced a new round of trade negotiations in Seoul, South Korea, just hours before US President Donald Trump's scheduled visit to Beijing. The talks, which began at Incheon International Airport, are led by Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent. This marks the seventh round of discussions since Trump returned to office and reignited a global tariff war. Unlike previous meetings that extended for nearly two days, these talks are anticipated to conclude within hours as Bessent is set to travel to China later the same day. Topics on the agenda include Chinese purchases of US soybeans, beef, and aircraft, as well as Beijing's export controls on critical minerals, with a key suspension related to these controls set to expire in November. The ongoing US-Israeli conflict with Iran is also expected to be a topic of discussion. Trump's visit to China will be the first by a US president in over eight years, with several top US business leaders, including Tim Cook of Apple and Elon Musk of Tesla, expected to accompany him.
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The outcomes of these talks could influence trade policies affecting US farmers and businesses reliant on exports to China.
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