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

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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.

source: AFP

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