Treasury Secretary Bessent: China negotiations will likely be a 'slog'

From the non-public assembly with Treas. Sec. Bessent

• China negotiations will likely be a ‘slog’
• Describes present bilateral commerce state of affairs as an embargo
• Nobody thinks the present establishment between China is sustainable. Due to this fact there will likely be de-escalation with China over the very close to future.
• Aim is to not decouple US, China economies
• US rebalancing with China, however questions is whether or not Beijing is able to do it

This text was written by Emma Wang at www.ubaidahsan.com.



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