đ„ Treasury Secretary Bessent Praises China's Compliance: "Done Everything We Negotiated" đšđłđșđž
âU.S. Treasury Secretary Scott Bessent delivered a notable update on the state of U.S.-China trade relations, confirming that Beijing is currently meeting its commitments.
âIn a recent interview, Bessent stated, "So far China has done everything we negotiated," offering a positive assessment of their adherence to existing agreements.
âKey Takeaways from the Update:
âCurrent Compliance: China is "living up to every part of negotiations so far."
âFocus on Future: Despite current compliance, the administration is urging China to make further adjustments to rebalance tradeâspecifically by boosting domestic consumption.
âNext Phase: This acknowledgment sets the stage for future discussions aimed at achieving a more equitable and sustainable long-term economic relationship.
âThis statement suggests a period of successful implementation following the trade deals, even as both nations prepare for the next round of structural discussions.