US 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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