US and China hold 'frank' call on trade tensions

Treasury's Bessent and Chinese Vice Premier He Lifeng to meet next week

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U.S. Treasury Secretary Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during an earlier meeting in Geneva in May. © Reuters

JAMES HAND-CUKIERMAN and WATARU SUZUKI

TOKYO/SHANGHAI -- U.S. Treasury Secretary Scott Bessent said he held "frank and detailed discussions" with Chinese Vice Premier He Lifeng on Saturday, as the two sides work to resolve trade disputes and set up a meeting between their presidents later this month.

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