The US Treasury demanded to change trade relations with China

US Treasury Secretary Scott Bessent has called for a more balanced relationship between the US and China. Americans have become too dependent on imports. AP reports.

Bessent performed at a gala dinner in New York. He called the relationship between the two countries one of the most important relations of this century. The US should produce more of what it consumes and China should consume more of what it produces.

China's ambassador to the US, Xie Feng, backed calls for reciprocity. He said countries would benefit from cooperation and lose from confrontation.

Trump is expected to visit Shenzhen next week to meet with Xi.

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