Treasury Secretary Scott Bessent speaks before a lunch with President Donald Trump and Ukraine's President Volodymyr Zelenskyy in the Cabinet Room of the White House, Friday, Oct. 17, 2025, in Washington. (AP Photo)

US Treasury Secretary Scott Bessent said on Friday he is set to meet Chinese Vice Premier He Lifeng next week to prepare for high-level trade talks between US President Donald Trump and Chinese President Xi Jinping.

The meeting, expected in Malaysia, comes as Washington and Beijing remain at odds over China’s new export restrictions on rare earth materials key components used in electronics and renewable energy technologies.

Bessent said he believed tensions between the two sides had “de-escalated,” adding that he would speak with He later on Friday before their in-person me

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