US Treasury Secretary Bessent highlighted on X that, thanks to mutual respect between the US President and President Xi, the US-China relationship has achieved a stable yet competitive nature. This announcement aligns with the U.S. strategy of advocating for de-risking instead of decoupling from China, emphasizing the need for China to rebalance its persistent $1 trillion trade surplus. These efforts continue the diplomatic focus on fostering stable ties between the two nations amid ongoing trade tensions.
US Treasury stabilizes US-China relations through fair competition
