US Treasury chief meets senior Chinese official to avert new trade clash ahead of summit
The US Treasury secretary met a top Chinese official on Sunday to try to prevent a fresh trade dispute before next week’s leaders’ summit in Washington, DC.
The meeting was part of a broader push to calm rising US-China tensions that span trade, security and technology. Although recent public statements have been relatively conciliatory, Washington has been urging allies to curb commercial links with China, weighing extra tariffs, linking Chinese satellite images to an Iranian strike that killed US troops, and testing a space-based weapon that Beijing says could spark an arms race. The talks precede the summit scheduled for next week in Washington, DC.
Why it matters
The talks seek to prevent a widening US-China trade and security clash that could affect global markets and geopolitical stability.
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