Bessent Still Sees Xi-Trump Meeting, Says All Options Open (1)

Treasury Secretary Scott Bessent said he still expects Presidents Donald Trump and Xi Jinping will meet, while warning that all options are open for retaliating against China’s move to tighten exports of rare earths.

“He will be meeting with party chair Xi in Korea — I believe that meeting will still be on,” Bessent said on Fox Business Monday. He added that there had been “substantial communication” over the weekend, after Beijing had failed to respond to US inquiries, apparently referring to questions the administration had over China’s rare earths decision last week.

Scott Bessent

Photographer: Eric Lee/Bloomberg

That decision, involving wide-ranging global export ...