Bosent: It will take two to three years to comprehensively revise U.S.-China trade.

Besseant said it would take two or three years to fully rebalance trade with China!

Treasury Secretary Besseant believed that a comprehensive rebalancing of US-China trade may require a "two-to-three year timetable".

Besseant said that it took 10 years to rebalance trade with Japan, "which is why we are telling the Chinese that now is the time for joint rebalancing."

In his speech, Besseant called for a complete transformation of China's economic model: "China's current economic model is based on exporting its way out of economic difficulties, which is an unsustainable model that not only harms China but also the entire world. China needs to change, and this is a big opportunity for adjustment."

Original source: https://www.toutiao.com/article/1830229410923520/

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