US Treausry Sec. Bessent: Talks in Geneva with China resulted in a mechanism to avoid escalation

US Treasury Secretary Scott Bessent said on Tuesday that “talks in Geneva with China resulted in a mechanism to avoid escalation.”

Additional quotes

• 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.
• Focused on Asia deals, Indonesia has been very forthcoming, Taiwan presented very good proposals.