The Treasury Secretary described relations as steadier after a rocky period while warning that the two countries still have what he called the most imbalanced economy in modern history.
Treasury Secretary Bessent said the relationship between the U.S. and China has good stability after a rocky period, but cautioned that the two countries still face severe economic distortions. He said, "we have the most unbalanced, imbalanced economy in modern history." The remarks point to a dual message of calmer bilateral ties alongside persistent structural strain in the economic relationship.