Bessent: don’t want to decouple from China, but need to de-risk in World Economy News 12/02/2026 U.S. Treasury Secretary Scott Bessent described the U.S.-China relationship as being in “a very comfortable place” during remarks at the BTG Pactual CEO Conference in Sao Paolo, Brazil on Tuesday. “We are going to be rivals, but we want the rivalry to be fair,” Bessent said. “We do not want to decouple from China, but we do need to de-risk.” The Treasury Secretary expressed optimism about the potential for productive relations with Beijing, noting that “competition keeps you from stagnating.” During his appearance, Bessent also briefly touched on other international matters, indicating he was “optimistic” regarding the Russia-Ukraine situation while adopting a wait-and-see approach on Iran, stating “we’ll see what happens with Iran.” Source: Investing.com 2026-02-12 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share