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Treasury chief says 'possible' to rebalance US-China economic ties

World News

11-06-2025 | 10:40

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Treasury chief says 'possible' to rebalance US-China economic ties

U.S. Treasury Secretary Scott Bessent said Wednesday it was possible to rebalance economic relations with China if Beijing proved a "reliable partner in trade negotiations" after two days of talks in London to cool tensions.

"If China will course-correct by upholding its end of the initial trade agreement we outlined in Geneva, and I believe after our talks in London they will, then the rebalancing of the world's two largest economies is possible," Bessent told lawmakers at the House Ways and Means Committee.

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