US Treasury Secretary Bessent Calls for Balance in Trade Relations with China
US Treasury Secretary Scott Bessent has called for a more balanced economic relationship, stating that the US must reduce its import dependency on China ahead of upcoming high-level talks.
US Treasury Secretary Scott Bessent emphasized the need for a more balanced structure in economic relations between the US and China during a speech at an event in New York.
Speaking at a gala organized by the National Committee on United States-China Relations, Bessent described the bond between the two countries as 'one of the most important relationships of this century.' Describing the personal bond between President Donald Trump and Chinese leader Xi Jinping as a 'genuine friendship,' the Secretary nevertheless stated that it would be in the interest of both sides for the US to reduce its dependency on imports from China.
Sources
- wral.com · Link