US sends top Treasury officials to China to discuss economy

News Snapshot:

New York CNN — A team of five US Treasury Department officials is traveling to Beijing this week for a series of meetings on the economy with their counterparts in China, a Treasury official told CNN on Monday. The trip by senior officials comes ahead of a planned return to China by Treasury secretary Janet Yellen later in 2024. The high-level US delegation will be led by Jay Shambaugh, Treasury’s under secretary for international affairs. US officials plan to have frank conversations about China’s trade tactics — a thorny subject that has united many in Washington and that former President...