US Bessent: Talks in Geneva with China resulted in a mechanism to avoid escalation
- Talks in Geneva with China resulted in a mechanism to avoid escalation.
- President Trump wants to rebalance the US economy.
- China needs to rebalance towards consumption economy.
- We do not want a generalised decoupling between the two largest economies in the world.
- United States will bring medicine, semiconductor and other strategic industries home.
- Very productive discussions with Japan.
There's nothing new here as he's just repeating what was said in the prior days and weeks.
