What does Trump’s midterm humbling mean for Bessent ahead of talks with He Lifeng?

What happened: US Treasury Secretary Scott Bessent is set to meet Vice-Premier He Lifeng in Shenzhen later this month for trade talks ahead of the Apec summit, after Democratic midterm election wins weakened his party support. Why it matters: Analysts said the result raised questions about Washington's ability to deliver on commitments reached with Beijing, while potentially giving China greater leverage in the talks. Coverage: 7 outlets in 24h

US Treasury Secretary Scott Bessent is set to meet Vice-Premier He Lifeng in Shenzhen later this month for trade talks ahead of the Apec summit, after Democratic midterm election wins weakened his party support.

Analysts said the result raised questions about Washington's ability to deliver on commitments reached with Beijing, while potentially giving China greater leverage in the talks.