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Treasury Secretary Scott Bessent calls for more balanced US-China trade ties ahead of Trump-Xi talks
Bessent said the U.S. and China should reduce dependence on each other’s supply chains as trade tensions persist and a fragile truce nears expiration.
- On Tuesday, Treasury Secretary Scott Bessent called for a "more balanced relationship" between the United States and China, as President Donald Trump prepares to meet Chinese leader Jinping in Shenzhen next week.
- Bessent argued the United States must produce more while China consumes more, stating Americans have grown too dependent on foreign supply and this shift "does not reflect hostility" but seeks "a spirit of reciprocity."
- Trade Representative Jamieson Greer held a video call last week with Chinese Vice Premier urging Beijing to take "concrete actions" on agricultural purchases and critical minerals.
- Xinhua reported that Chinese Ambassador Xie Feng echoed calls for "reciprocity," noting both nations "stand to gain from cooperation and lose from confrontation."
- Trade tensions between Beijing and the United States persist as a fragile truce expires in January, with trade expected to dominate the upcoming summit agenda.
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Associated Press News+15 Reposted by 15 other sources
Treasury Secretary Scott Bessent calls for more balanced US-China trade ties ahead of Trump-Xi talks
Treasury Secretary Scott Bessent called for a more balanced U.S.-China trade relationship ahead of talks between President Donald Trump and Chinese leader Xi Jinping.
·New York, United States
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Total News Sources18
Leaning Left6Leaning Right1Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 33%
C 61%
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