US treasury secretary Scott Bessent speaks with reporters outside the West Wing of the White House in Washington. Photograph: Jim WATSON/AFP via Getty Images
The US and China have agreed on “a very positive” framework for Donald Trump and Xi Jinping’s high-stakes summit this week, US treasury secretary Scott Bessent said on Sunday, raising hopes the sides will extend a trade truce that is set to expire next month.
Following weeks of mounting trade tensions between the world’s biggest economies, Mr Bessent and Chinese vice-premier He Lifeng held a second day of talks in Malaysia ahead of the first summit between Trump and Xi since 2019.
“I would descr
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