U.S. Treasury Secretary Scott Bessent is set to meet with his Chinese counterpart, He Lifeng, on Sunday, September 20, in New York. This meeting comes ahead of a planned meeting between U.S. President Joe Biden and Chinese President Xi Jinping, which is expected to take place next week. The discussions between Bessent and He Lifeng are expected to focus on economic and trade issues between the two countries, which have been a source of tension for years. The timing of the meeting is significant as it occurs just months before the expiration of a previously announced tariff truce between the United States and China. The truce, which was meant to ease trade tensions, is set to end on November 10. This deadline has raised concerns about the potential for renewed trade disputes and the impact it might have on global markets. Despite efforts to resolve trade issues, several disagreements remain between the two nations. These include concerns over China’s trade practices, intellectual property rights, and the balance of trade between the two countries. Additionally, both sides have expressed interest in addressing broader economic issues, such as the global economy and financial stability. The meeting between Bessent and He Lifeng is seen as an important step in preparing for the upcoming high-level talks between the two presidents. While the outcome of these discussions remains uncertain, the meetings highlight the ongoing efforts by both countries to manage their complex economic relationship and seek common ground on key issues.