US President Donald Trump is ready to meet Chinese President Xi Jinping, with officials from both countries working to arrange the high-level meeting, Treasury Secretary Scott Bessent said on Wednesday.

In an interview with CNBC, Bessent said Washington’s goal was to stabilize relations with Beijing rather than escalate tensions. “We do not want to escalate a conflict with China, and we do not want to decouple from the second-largest economy in the world,” he said.

The comments come amid renewed friction between the two economic powers over tariffs and technology exports. A potential Trump–Xi meeting would mark the first direct engagement between the leaders since Trump’s return to office and could signal a bid to stabilize global trade ties.

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