Bessent says trade talks with China are stable, discussed tariff system

LootboxPhobia

2026-03-16 11:57:05

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Investing.com – U.S. Treasury Secretary Scott Bessent said Monday that trade talks with China went very smoothly and described the bilateral relationship as stable.

Bessent told CNBC that the trade discussions with China included a new tariff system. He added that the U.S. does not want to decouple from China but is seeking strategic adjustments.

Regarding a possible meeting between President Trump and China’s top leaders, Bessent said it remains to be seen whether the visit will happen as scheduled. He stated that any postponement would not be due to the Strait of Hormuz situation.

The Treasury Secretary explained that any rescheduling would be for logistical reasons. He clarified that if the meeting is rearranged, it would be because Trump decided to stay in the U.S. during the Iran conflict.

Bessent emphasized that markets should not interpret any rescheduling as a sign of conflict between the U.S. and China.

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