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US President Donald Trump remains on track to meet Chinese leader Xi Jinping in South Korea in late October, as the two sides work to de-escalate tensions over tariff threats and export controls, US Treasury Secretary Scott Bessent said on Monday. Bessent noted that there had been substantial communication between the two sides over the weekend, with additional meetings expected. “We have substantially de-escalated,” Bessent said in an interview with Fox Business Network, as reported by Reuters. “President Trump said that the tariffs would not go into effect until November 1. He will be meeting with Party Chair Xi in Korea. I believe that meeting will still be on.” Trump and Xi had originally planned to meet during the Asia-Pacific Economic Cooperation (APEC) summit, which is being hosted by South Korea in late October.