Bescent: There has been a lot of preparatory work before the talks with China, and I had a separate meeting with the Chinese Vice Premier. The Stockholm talks focused on the economic framework, and the Chinese side was somewhat hasty in the 90-day suspension.

China's control over rare earths is somewhat clumsy. I urge China to shift towards a consumption-based economy, moving away from manufacturing.

China dismissed the U.S. urging on Russian oil, stating that regarding oil, it is a sovereign country. If Europe imposes tariffs on Chinese products, I would not be surprised.

Everyone can see the trend in the development of trade agreements. I wouldn't say China is in a passive state, but it may require more tariffs to prompt China to change. We still do not know how the situation will unfold in 90 days, but the good news is that we are in dialogue.

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