U.S. Treasury Secretary Scott Bessent requested China to fulfill its obligations under the recently restored trade framework by shifting its economic strategy from export-driven growth to domestic market expansion.
Bessent told Congress that China possesses a unique chance to stabilize its economy but needs to demonstrate reliable partnership behavior. The U.S. and Chinese officials established a framework during their London trade talks to reduce tariffs and revive stalled negotiations.
Bessent avoided revealing specific deal information but stressed that both parties need to demonstrate genuine commitment to achieve economic balance between the world’s two largest economies.
