Bessent to hold talks with China on Iran financial ties before Trump-Xi summit
US Treasury Secretary Scott Bessent said he expects to hold talks with Chinese Vice Premier He Lifeng this weekend over Beijing's financial relationship with Iran. The dialogue precedes a summit between President Donald Trump and President Xi Jinping later this month. Bessent did not specify the date or location of the meeting, and Beijing has not confirmed the date of the visit.
Why it matters: The talks bear on the sanctions theme because Washington is seeking to enforce secondary sanctions on Iran by pressing China over its financial ties.