Trump is a 'go' on meeting with China's Xi, Bessent tells CNBC

U.S. President Donald Trump is ready to meet Chinese President Xi Jinping and officials from both countries are working to set up a meeting, Treasury Secretary Scott Bessent said on Wednesday.

Bessent told CNBC that the U.S. did not want to escalate a conflict with China, and did not want to decouple from the second-largest economy in the world. He said it was due to trust between Trump and Xi that the trade conflict between the two countries has not escalated further.