U.S. Treasury Secretary Scott Bessent said on Tuesday China ​had been an unreliable global partner during the Middle East war by hoarding oil supplies and limiting exports ‌of some goods, mirroring its actions with medical goods during the COVID-19 pandemic.

Bessent told reporters he had spoken with Chinese officials about the issue. He declined to answer a question about whether the dispute would derail Donald Trump’s plan to visit Beijing in mid-May, but said Trump and Xi ​Jinping had a very good working relationship.

“I think the message for the visit is stability. We’ve had great stability in ​the relationship since last summer; that emanates from the top down,” he said. “I think that communication is ⁠the key.”

  • krisevol@lemmy.zip
    link
    fedilink
    English
    arrow-up
    6
    ·
    10 hours ago

    They are preparing to stop taking USD, so they need to way to not depend on US energy. Once they have energy independence they will switch to the yuan for global trade.