U.S. Treasury Secretary Scott Bessent says that President Donald Trump and Chinese Communist Party leader Xi Jinping may soon have a call regarding the Chinese regime’s tariff agreement violations that Trump revealed on May 30.
“We will see what the consequences are,” Bessent said on CBS’ “Face the Nation” on June 1. “I believe we’ll see something very soon.”
The remarks come after Bessent said last week that trade talks had been “a bit stalled” between the United States and China since the Geneva May 12 agreement, brokered by Bessent and U.S. Trade Representative Jamieson Greer, to pause and roll back tariffs and retaliatory trade actions taken since April. Greer on May 30 elaborated that the violations Trump spoke of had to do with China’s critical minerals export restrictions that were meant to be rolled back beginning May 14....
