Key facts
- U.S. Treasury Secretary Scott Bessent met virtually with Chinese Vice Premier He Lifeng on July 30.
- The talks aimed to stabilize U.S.-China relations.
- Rare earths and U.S. export controls were central discussion points.
- Bessent called on China to fully meet its commitments regarding rare earths.
- China expressed concerns over U.S. trade restrictions, including a ban on robots.
Top economic officials from the United States and China held virtual discussions on July 30, aiming to stabilize bilateral relations. U.S. Treasury Secretary Scott Bessent urged Chinese Vice Premier He Lifeng to fully meet the country's pledges concerning rare earth elements. The meeting also addressed U.S. export controls, with China expressing "serious concerns" about American trade restrictions, including a ban on robots.
The discussions occurred amid ongoing tensions between the two global powers.