Sunday on ABC’s “This Week,” Treasury Secretary Scott Bessent said that he has reached a “substantial framework” in the trade talks between the United States and China.

Partial transcript as follows:

MARTHA RADDATZ: Mr. Secretary, we know you have been meeting with the Chinese vice premier. President Trump will have a meeting with President XI later this week. We have read this morning that you said there is a very successful framework in place now, tell us about that, please.

BESSENT: Thank you, Martha. Good to be with you. So this was the fifth meeting that I’ve had with my Chinese counterpart, the vice premier, He Lifeng and we covered a wide range of issues. And I think we’ve reached a substantial framework for the two leaders who will meet in Korea next Thursday. So, you know, on t

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