US-China trade row could ease after Trump-Xi talks: Treasury chief

United States Treasury Secretary Scott Bessent said on Sunday that President Donald Trump could speak with China’s Xi Jinping “very soon” and that such a call could help break the logjam in the trade talks between the world’s two biggest economies. Trump on Friday accused Beijing of violating a deal reached last month in Geneva — negotiated by Bessent — to temporarily lower staggeringly high tariffs they had imposed on each other, in a pause to last 90 days. China’s slow-walking on export license approvals for rare earths and other elements needed to make cars and chips have fueled US frustration, The Wall Street Journal reported on Friday — a concern since confirmed by US officials.