US Treasury Chief Raises Serious Concerns in Call With China

Scott Bessent described Beijing as the most ‘unbalanced economy in the history of the world’ ahead of the exchange with He Lifeng, China’s economic czar.

Then-Treasury Secretary nominee Scott Bessent testifies before the Senate Committee on Finance on Capitol Hill in Washington on Jan. 16, 2025. Madalina Vasiliu/The Epoch Times

U.S. Treasury Secretary Scott Bessent raised “serious concerns” about China’s economic imbalances and “unfair policies” during an introductory call with his Chinese counterpart, the Treasury Department said on Feb. 21.

Bessent emphasized that the Trump administration is committed to “pursue trade and economic policies that protect the American economy, the American worker, and our national security,” the Treasury said in a statement.