U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
Speaking to CBS' Face the Nation, Bessent accused China of withholding essential materials that underpin industrial supply chains in the U.S., India, and Europe.
“What China is doing is they are holding back products that are essential for the industrial supply chains of India, of Europe. And that is not what a reliable partner does,” Bessent said.
President Trump had earlier accused Beijing of violating a mutual agreement to roll back tariffs and trade restrictions on strategic mineral exports.
“I am confident that when President Trump and Party Chairman Xi have a call, that this will be ironed out,” Bessent said, adding that China’s move may be “a glitch in the system” or something more deliberate.
Although China confirmed in April that the two leaders had not spoken recently, Bessent expressed confidence that contact is imminent.
Asked whether a call was scheduled, he responded: “I believe we’ll see something very soon.”
The dispute comes as critical minerals remain central to global energy transitions, with growing competition between major economies over supply chain control.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of February, covering the latest developments you need to know.
U.S. and Ukrainian negotiators have discussed an ambitious goal of reaching a peace agreement between Russia and Ukraine by March, though the timeline is widely viewed as unrealistic due to deep disagreements over territory, according to multiple sources familiar with the talks.
At least 31 killed, scores wounded in suicide attack on religious site in Islamabad.
Lebanese Army Commander Gen. Rodolphe Haykal met with senior U.S. officials in Washington, D.C., this week to discuss strengthening military and security cooperation, regional developments and the challenges facing Lebanon, the Lebanese army said on Friday.
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, after a man in Portugal died when his car was swept away by floodwaters and a second body was found in Malaga.
Escalating clashes in South Kivu’s highlands are sending a rising flow of wounded to Fizi’s small general hospital, where staff warn they are running out of space and supplies as the conflict expands across remote areas.
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