Bessent says that China is a ‘option’ due to the lack of a reliable partner

Treasury Secretary Scott Bessent woke that Beijing should be a reliable partner with the rest of the world or to help the global imbalance.

“They either want to be a reliable partner for the rest of the world,” he said on Tuesday with a video connection with the leadership of the American Swiss Foundation in Zurich.

“They are in the middle of a large real estate – I will not get excited and say the crisis – but a great property is the excessive installation and the method of stabilizing the economy,” he said. “This is the level of financial stimulus and to stop excessive production and get something sound for the consumer economy.”

Bessent did not comment on a possible challenge between President Donald Trump and President Xi Jinping, this was in the works of White House officials.

Are the two largest economies in the worldfingers point outFor violating the terms of a contract, three weeks ago in the Geneva to give time to negotiate to eliminate Tat-Tat tariffs until mid-August.

Trump said, “US want more production economies.” Tax discounts are trying to remain a target for foreign and internal investment with trade reconstruction and regulation, this is one of the goals of the target of this precision production, he said.

Bessent also said that Switzerland and the United States have also seen more cooperation on artificial intelligence and financial services. According to him, US officials have regulated global financial rules, modernize capital requirements, said he continues to deal with each other in the main macroeconomic issues.

July 9 extension

Switzerland, 21% in Switzerland, 21% in Switzerland, the bilateral trade deal in connection with the bilateral trade agreement on a bilateral trade agreement to prevent a bilateral trade deal in a 90-day bilateral trade agreement in connection with the bilateral trade agreement on a bilateral trade agreement in connection with the US bilateral trade agreement in connection with the US bilateral trade agreement in connection with the United States. The bilateral trade agreement on the bilateral trade agreement is related to the bilateral trade agreement.

Speaking at the beginning of the same forum, the highest Swiss trade official Helene Budliger will remain at 10% of the current levels of tariffs to 31% if Switzerland is provided by the United States, and even up to 31% instead of extending until the last July 9.

Switzerland’s “several” and US trade representative Jamieson GREER, and the United States Trade Representative Jamieson Greer said, “Because this is a perceptual we are talking about this,” he said.

Swiss President Karin Keller-Sutter said it was before “clear“The continuation of the talks continues, but no one was approved for this. A compromise sketches The country around tariffs for agricultural products does not produce significantly.

Budliger added that both sides “A very detailed conversation in connection with the United Kingdom can be seen between the United States and Switzerland.” He said he had a “relatively concrete ideas” on the table.

He also said that Switzerland suffers from the fact that the US is superior to steel

This story was first displayed Fortune.com

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