U.S. contemplates implementing a ban on farmland purchases by Chinese investors, according to an expert, which could pose an obstacle to bilateral trade negotiations.
US Treasury Secretary Scott Bessent is set to meet with Chinese Vice Premier He Lifeng in Stockholm from July 27 to 30, 2025. The two will discuss extending the 90-day tariff truce between the US and China, which is set to expire on August 12, 2025.
The talks will cover a range of economic and trade issues, including China's purchases of oil from Russia and Iran, as well as discussions about rebalancing China's economy away from export dependence and encouraging domestic consumption.
It's important to note that this meeting is not with Janet Yellen, who was the US Treasury Secretary during the Biden administration until 2025 but is no longer in that position and will not be participating in this upcoming meeting.
Sources:
- Reuters
- CNBC
- BBC News
- The Wall Street Journal
- Politico
The meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm will delve into the finance and business aspects of China's economy, and the desire to boost domestic consumption, as reported by various sources such as Reuters, CNBC, BBC News, The Wall Street Journal, and Politico. As the tariff truce with China is approaching its expiration date, this gathering also aims to discuss economic growth by focusing on China's purchases of oil, specifically from Russia and Iran, for the purpose of rebalancing the economy away from export dependence. With Scott Bessent now in the role of US Treasury Secretary, upcoming changes in the General-news section may impact current economic policies and the global finance landscape.
