Treasury Secretary Bessent: China negotiations will be a 'slog' ...Middle East

From the private meeting with Treas. Sec. Bessent

China negotiations will be a 'slog'Describes current bilateral trade situation as an embargoNo one thinks the current status quo between China is sustainable. Therefore there will be de-escalation with China over the very near future.Goal is not to decouple US, China economiesUS rebalancing with China, but questions is whether Beijing is ready to do it.Rebalancing of the China economy towards consumption and US economy towards manufacturing in 2 to 3 years would be a huge win This article was written by Greg Michalowski at www.forexlive.com.

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