US Treausry Sec. Bessent: Talks in Geneva with China resulted in a mechanism to avoid escalation

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US Treasury Secretary Scott Bessent said on Tuesday that “talks in Geneva with China resulted in a mechanism to avoid escalation.”

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  • President Trump wants to rebalance the US economy.
  • China needs to rebalance towards consumption economy.
  • We do not want a generalised decoupling between the two largest economies in the world.
  • United States will bring medicine, semiconductor and other strategic industries home.
  • Very productive discussions with Japan.
  • Focused on Asia deals, Indonesia has been very forthcoming, Taiwan presented very good proposals.
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