Headline: Trump and Xi May Hold Talks Soon on Minerals Trade Dispute, Says U.S. Treasury Secretary Bessent.

 WASHINGTON D.C. – U.S. Treasury Secretary Scott Bessent has indicated that a conversation between President Donald Trump and Chinese President Xi Jinping regarding an ongoing trade dispute over critical minerals is likely to occur "very soon." Bessent made the remarks during an interview on Sunday, amidst a backdrop of renewed trade tensions between the two economic giants.

The potential high-level discussion would aim to address disagreements concerning the trade of essential minerals, which are vital for various industries, including technology, defense, and renewable energy. Secretary Bessent, speaking on CBS' "Face the Nation," expressed his belief that direct communication between the two leaders could help resolve the current impasse.

This development follows recent accusations by President Trump that China has violated a prior agreement concerning tariffs and trade restrictions on these critical resources. "What China is doing is they are holding back products that are essential for the industrial supply chains of India, of Europe. And that is not what a reliable partner does," Bessent stated in the interview, reflecting the administration's concerns. He added, "I am confident that when President Trump and Party Chairman Xi have a call, that this will be ironed out."

The minerals trade has become an increasingly significant point of contention in U.S.-China relations. These materials, including rare earth elements and other strategic minerals, are crucial for manufacturing a wide range of products, from smartphones and electric vehicles to advanced weaponry and green energy infrastructure. China is a dominant global supplier of many of these minerals, giving it considerable leverage in international trade.

Market observers and industry analysts will be closely watching for confirmation of such a call and any subsequent outcomes. A direct dialogue between Trump and Xi could signal an attempt to de-escalate the dispute and find common ground, potentially impacting global supply chains and commodity prices. However, the complexity of the issues involved means that any resolution would likely require significant negotiation.

Secretary Bessent's comments suggest an anticipation of a diplomatic channel being activated, though specific details or a timeline for the potential call have not yet been formally announced.