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.
Serbian President Aleksandar Vučić has announced he may meet with Russian President Vladimir Putin during his upcoming visit to China in early Septe...
South Korea has began dismantling loudspeakers broadcasting anti-North Korean messages along the border on Monday, according to its defence ministry. ...
More than 2,500 people have had to leave their homes in southern South Korean after torrential rains swept across the country during Sunday night, inu...
Thousands of supporters of Brazil’s former president Jair Bolsonaro gathered in São Paulo on Sunday (3 August), calling for justice reform and deno...
Democratic lawmakers in Texas said on Sunday they were leaving the state to deny Republicans the quorum needed to redraw the state's 38 congressional ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 4th August, covering the latest developments you need to know.
South Korea has began dismantling loudspeakers broadcasting anti-North Korean messages along the border on Monday, according to its defence ministry. The move is part of President Lee Jae Myung’s administration to reduce tensions with Pyongyang.
More than 2,500 people have had to leave their homes in southern South Korean after torrential rains swept across the country during Sunday night, inundating houses and roads in six major cities and provinces. Emergency shelters filled as families sought refuge.
Thousands of supporters of Brazil’s former president Jair Bolsonaro gathered in São Paulo on Sunday (3 August), calling for justice reform and denouncing legal cases against the far-right leader as politically motivated.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 4th August, covering the latest developments you need to know.
Serbian President Aleksandar Vučić has announced he may meet with Russian President Vladimir Putin during his upcoming visit to China in early September. The two leaders are expected to participate in events commemorating the 80th anniversary of the Chinese people's victory over Japanese aggression.
South Korea has began dismantling loudspeakers broadcasting anti-North Korean messages along the border on Monday, according to its defence ministry. The move is part of President Lee Jae Myung’s administration to reduce tensions with Pyongyang.
Thousands of supporters of Brazil’s former president Jair Bolsonaro gathered in São Paulo on Sunday (3 August), calling for justice reform and denouncing legal cases against the far-right leader as politically motivated.
Democratic lawmakers in Texas said on Sunday they were leaving the state to deny Republicans the quorum needed to redraw the state's 38 congressional districts, a move Republicans are seeking to protect their narrow U.S. House majority in next year's midterm elections.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment