Bessent Says He'll Likely Meet With China's He Next Week

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00:00China did a substantial, unprovoked escalation last week.

00:05We were unable to get in touch with them since then.

00:08It's been IMF World Bank Week.

00:10They have had working-level people here.

00:13There have been meetings.

00:14The vice premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o'clock.

00:21And then he and I in a delegation will meet in Malaysia probably a week from tomorrow to prepare for the two presidents to meet.

00:31So, again, I think that things have de-escalated.

00:36We hope that China will show the respect that we have shown them.

00:41And I am confident that President Trump, because of his relationship with President Xi, will be able to get things back on a good course.

00:49Is the hope for that meeting with you and President Xi some kind of trade deal then?

00:53Could be.

00:54Look, I think we're in a very strong position.