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Bessent says US could work productively with China, while Trump’s administration anticipates partnership with Venezuela too
US Treasury Secretary Scott Bessent told a Capitol Hill hearing on Tuesday that the US can have a very productive relationship with China. He said the US-China relationship is in a very comfortable place and that competition helps avoid stagnation. He said the Trump administration sees a good partnership with Venezuela. He said this would eventually lead to free and fair elections. Bessent said the Federal Reserve, under Kevin Warsh’s leadership, would be watching for any timing mismatch. He also said that productivity booms tend to bring employment booms. He said the US would see what happens with Iran. He added ... (full story)