The U.S. and China are talking on key economic matters, despite what the Chinese government may say publicly, Treasury Secretary Scott Bessent said Sunday. Why it matters: The trade war between the world's two largest economies threatens the entire global order,

Treasury Secretary Scott Bessent has taken a leading role behind the scenes in US trade negotiations — as President Trump expressed hope Friday that he would “open China” to American goods with his aggressive “reciprocal” tariffs.