Bessent: Trump's conversation with Xi will resolve trade disputes.

U.S. Secretary of the Treasury Scott Bessent expressed his confidence that a conversation between President Donald Trump and Chinese leader Xi Jinping will take place soon and will help resolve trade disputes, particularly regarding critical minerals.

'China is doing what holds back products that are important for the supply chains of India and Europe. And this is not what a reliable partner does,' Bessent noted.

Recently, President Trump has accused China of violating the agreement with the U.S. and indicated that this could reflect on trade restrictions on minerals. The Treasury Secretary expressed hope that after Trump's conversation with Xi, the situation would be resolved.

Recently, the Treasury Secretary's statements came against the backdrop of increasing tension between the U.S. and China on trade issues. Trump has repeatedly criticized Chinese trade practices and threatened new tariffs if China does not comply with agreements.

In his advance statement, the Treasury Secretary expressed hope for a quick resolution of trade disputes between the U.S. and China through Trump's conversation with Xi. Relations between the countries remain cautious about the prospect of new customs restrictions and threats in the supply of key minerals.