Bezent: Does not want to decouple from China, but needs to reduce risks

2026-02-12 05:02:35

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Investing.com – U.S. Treasury Secretary Scott Bessent stated on Tuesday at the BTG Pactual CEO Conference in São Paulo, Brazil, that U.S.-China relations are in a “very comfortable position.”

“We will be competitors, but we hope this competition is fair,” Bessent said. “We don’t want to decouple from China, but we do need to reduce risks.”

The Treasury Secretary expressed optimism about building a productive relationship with Beijing and noted that “competition can help you avoid stagnation.”

In his speech, Bessent also briefly touched on other international affairs, stating he is “optimistic” about the Russia-Ukraine situation, while taking a wait-and-see approach toward Iran, saying “we will see what happens with Iran.”

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