U.S.-China Trade Talks Yield De-escalation Strategy
The U.S. and China have established a mechanism to prevent further trade conflicts, announced U.S. Treasury Secretary Scott Bessent. Speaking from Riyadh, Bessent emphasized that the U.S. aims to avoid a broad decoupling of the two largest global economies.
- Country:
- United Arab Emirates
In a significant development from the trade discussions in Geneva, the United States and China have agreed on a mechanism designed to avoid further escalation of conflicts, according to U.S. Treasury Secretary Scott Bessent.
Bessent, speaking at a press event in Riyadh, underscored the importance of this agreement in maintaining a stable trade relationship between the two economic powerhouses.
He further clarified that the United States is not advocating for a general decoupling of its economic ties with China, reflecting a strategic approach towards mitigating trade tensions.
(With inputs from agencies.)
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