WASHINGTON, Nov 25 (Reuters) – Chinese purchases of American soybeans are “right on schedule”, U.S. Treasury Secretary Scott Bessent stated on Tuesday, citing an settlement for Beijing to purchase 87.5 million metric tons of the U.S. product over the following three and a half years.
The U.S. and China will all the time be pure rivals, Bessent stated in an interview with CNBC, however the two international locations’ relationship is in an excellent place.
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Trump and Xi might have 4 conferences within the coming yr, Bessent stated. Trump might attend the annual Asia-Pacific Economic Cooperation summit, which can be hosted by China in 2026, whereas Xi can be within the United States for the annual assembly of Group of 20 industrialized nations.
The two leaders will even make state visits to one another’s international locations, Bessent stated.
Reporting by Susan Heavey and Doina Chiacu; Editing by Andrew Heavens and Emelia Sithole-Matarise
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