Bessent urges US, China to ‘de-risk, not decouple’ as Xie points to ‘red lines’

“Trade must advance the interests of both parties without diminishing the sovereignty of either,” said Bessent, while emphasising that US-China ties were defined by the relationship between their leaders, who are due to meet next week for a summit.

“That friendship has brought unprecedented direct engagement between the leaders of our two nations, which I try to extend to the working level,” he added.