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Bessent urges more balanced US-China ties before expected Trump-Xi meeting

Associated Press reports Bessent, speaking in New York, urged a more balanced US-China relationship as a trade truce nears its January expiry.

Published Nov 11, 2026 · 17:53 UTC1 reports

The short version

  • Treasury Secretary Scott Bessent called for a more balanced economic relationship between the U.S. and China, saying Americans rely too heavily on imports.[Associated Press]
  • Chinese ambassador Xie Feng said both countries gain from cooperation and lose from confrontation.[Associated Press]
  • President Donald Trump is expected to meet Xi Jinping in Shenzhen next week, their third meeting this year.[Associated Press]
  • U.S. Trade Representative Jamieson Greer recently urged Beijing on farm purchases and critical minerals, while a fragile truce is set to expire in January.[Associated Press]

Key facts

  • Bessent called for a more balanced relationship between the U.S. and China during a Tuesday speech in New York.[Associated Press]
  • Bessent said the American economy has grown too dependent on foreign supply while China has become increasingly reliant on foreign demand.[Associated Press]
  • Xie Feng, the Chinese ambassador to the U.S., said China and the United States stand to gain from cooperation and lose from confrontation.[Associated Press]
  • A fragile trade truce between the U.S. and Beijing is set to expire in January.[Associated Press]
  • President Donald Trump is expected to travel to Shenzhen next week to meet Xi Jinping for the third time this year.[Associated Press]
  • U.S. Trade Representative Jamieson Greer held a video call last week with Chinese Vice Premier He Lifeng, urging Beijing to fully implement past commitments on agricultural purchases, rare earths and critical minerals.[Associated Press]

What remains uncertain

  • The Shenzhen meeting is expected but not confirmed; the reporting describes Trump's travel only as expected.[Associated Press]
  • Whether the truce will be extended beyond January is unknown; the reporting notes only that it is set to expire then.[Associated Press]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.