US Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng this weekend as the two countries continue a high-level economic dialogue covering tariffs, rare earth minerals and agricultural trade. The proposed Board of Trade mechanism would establish a framework for discussing duty reductions on about $30 billion of bilateral goods. The talks also include a US objective of exporting roughly 25 million tons of soybeans to China in 2026. Their working-level discussions are intended to narrow differences ahead of possible meetings between President Trump and President Xi Jinping. The negotiations are closely watched because China dominates global rare earth processing, while US agricultural exports provide China with a major source of farm products and the soybean target carries political importance in the United States.