WASHINGTON: US President Donald Trump is ready to meet Chinese President Xi Jinping and officials from both countries are working to set up a meeting, Treasury Secretary Scott Bessent said on Wednesday.

JUST IN: Treasury Secretary Bessent says he's optimistic about China and they're in communication with them.

We are so back pic.twitter.com/cEGg1r9CIt

— (@ScottLEOWarrior) October 15, 2025

Bessent told CNBC that the US did not want to escalate a conflict with China, and did not want to decouple from the second-largest economy in the world. He said it was due to trust between Trump and Xi that the trade conflict between the two countries has not escalated further.