US Treasury chief Bessent upbeat on China talks, economy, and possible Budapest summit

  • Bessent said US-China talks are going well, expects US growth to pick up in Q4, acknowledged economic distribution issues, and left open Budapest as a trilateral summit site.
bessent 22 July 2025 2
  • US Treasury Chief Bessent said the US has had very good talks with China.

  • He said the status quo with China is working very well.

  • He expects the US economy to pick up in Q4.

  • He acknowledged there are some distributional problems in the economy.

  • When asked if the trilateral meeting will be in Budapest, Bessent replied “could be.”

Wait, no mention of BoJ? I feel cheated.

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