China hopes the US to resolve concerns through dialogue | Metals Mine
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ZforexCM
Oct 14, 2025 3:16am
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U.S. Treasury Secretary Scott Bessent said Monday that Trump is still expected to meet Chinese President Xi Jinping in South Korea later this month, as both sides continue discussions aimed at cooling trade tensions. He added that tariffs will remain on hold until November 1, signaling a temporary pause in escalation.

However, friction persists: China has begun imposing port fees on vessels linked to the U.S., with Washington preparing a reciprocal response on October 14, marking a new front in the ongoing trade dispute.

Brent crude was supported by hopes of easing US-China trade tensions after President Trump signaled openness to a deal with Beijing. Prices were also lifted by Trump’s consideration of supplying Ukraine with long-range missiles, raising concerns over Russian supply. Gains were limited, however, as tensions eased following hostages’ release and concerns persisted over a potential supply glut from rising global output.

Brent faces resistance at $64.90, with key support at $62.20.
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