The Trump administration’s trade war rhetoric towards the People’s Republic of China appears to be softening further with Treasury Secretary Scott Bessent telling a group of economists that Beijing has a chance to strike a significant trade accord with Washington as both countries seek to reorient their economies.
Speaking at the Institute of International Finance on the sidelines of the annual meetings of the World Bank and International Monetary Fund, Bessent said he hopes Chinese leaders will realize they can work with the Trump administration to find mutual benefits if Beijing is honestly seeking to boost domestic consumption and move away from a reliance on exports for economic growth.
