Treasury Secretary Scott Bessent calls for more balanced US-China trade ties ahead of Trump-Xi talks
Bessent said the two countries should cut trade imbalances and restore reciprocity as talks near on tariffs, farm purchases and critical minerals.
- On Tuesday, Treasury Secretary Scott Bessent said the United States and China should harbor no illusions about their differences while navigating cooperation to mitigate Artificial Intelligence risks and compete for AI supremacy.
- Bessent will travel to China next week for President Donald Trump's third meeting with Chinese President Xi Jinping, scheduled on the sidelines of the Asia-Pacific Economic Cooperation summit in Shenzhen.
- The summit will advance a bilateral dialogue on "superintelligence" to "prevent a misunderstanding between our two systems," Bessent said, with both sides agreeing to establish a direct alert channel for serious incidents.
- $30 billion in mutual tariff cuts on non-sensitive goods forms part of a proposed Board of Trade, alongside a separate Board of Investment to provide increased predictability for companies operating in both nations.
- Separately, Nvidia CEO Jensen Huang faces an internal board investigation regarding an alleged relationship with a woman suspected of being a Chinese intelligence asset, though Nvidia stated no national security secrets were compromised.
61 Articles
61 Articles
Bessent Calls for Balanced US-China Trade Ahead of Trump-Xi Meeting
U.S. Treasury Secretary Scott Bessent arrives for a meeting with Chinese Vice Premier He Lifeng at JPMorgan Chase headquarters in New York City on Sept. 20, 2026. (Eduardo Munoz Alvarez/Getty Images)
Reducing US economic dependence on China is a US goal: "US has to produce more than it consumes. China has to consume more than it produces."
The Secretary of the United States Treasury, Scott Bessen, defended a more balanced trade relationship between the United States and China, considering that the American economy became overly dependent on imports. In a speech delivered during a gala dinner organized by the National Committee for US-China Relations on Tuesday in New York, Bessen classified the bilateral relationship as one of the most important of this century and described the t…
The Express Tribune
US, China to cooperate on managing AI risks: Bessent
US, China to cooperate on managing AI risks: Bessent
(Seoul = Yonhap News) Reporter Kim Yong-rae = U.S. Treasury Secretary Scott Besant said on the 10th (local time) that U.S. and Chinese leaders would advance dialogue on artificial intelligence (AI) ...
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