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Bessent Hails 'Constructive' Call With Chinese Vice Premier on Implementing US-China Trade Deal

© AP Photo / Alex BrandonTreasury Secretary Scott Bessent listens as President Donald Trump speaks before a lunch with Ukraine's Volodymyr Zelensky in the Cabinet Room of the White House, Friday, Oct. 17, 2025, in Washington
Treasury Secretary Scott Bessent listens as President Donald Trump speaks before a lunch with Ukraine's Volodymyr Zelensky in the Cabinet Room of the White House, Friday, Oct. 17, 2025, in Washington - Sputnik International, 1920, 06.12.2025
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WASHINGTON (Sputnik) – US Secretary of the Treasury Scott Bessent said Friday that he held a constructive phone call with Chinese Vice Premier He Lifeng and discussed the implementation of a bilateral trade deal between the economic giants.
"During today’s constructive call with Vice Premier He Lifeng, US Trade Representative Jamieson Greer and I discussed the ongoing implementation of the Busan arrangement between President [Donald] Trump and President Xi [Jinping], which is going well. I also reaffirmed the United States’ commitment to continued engagement with China," Bessent wrote in an X post.
At a meeting in Busan, South Korea in late October, Presidents Trump and Xi agreed to de-escalate the US-China trade war, with the US side cutting tariffs by 10-20%, and China agreeing to suspend its retaliatory rare earth export controls and port fees.
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