Treasury Chief Bessent: US-China Relations Stable, Trump-Xi Meeting Delay Logistical

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Treasury Chief Bessent: US-China Ties Stable, Trump-Xi Meeting Delay Logistical

FILE PHOTO: U.S. President Donald Trump and Chinese President Xi Jinping walk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. REUTERS/Evelyn Hockstein/File Photo

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CNBC TV18•16-03-2026, 18:07

Treasury Chief Bessent: US-China Ties Stable, Trump-Xi Meeting Delay Logistical

•US Treasury Secretary Scott Bessent states US-China relationship remains stable despite geopolitical tensions.
•Potential delay in Trump-Xi meeting is likely logistical (Trump staying in Washington, D.C. due to war), not a diplomatic setback.
•Economic discussions continue between both nations, indicating open communication channels.
•Bessent notes easing tensions in Strait of Hormuz, with more fuel shipments, including from India and Iran.
•Strait of Hormuz is a critical energy chokepoint, handling one-fifth of global oil consumption.

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