US Treasury Secretary Scott Besant expressed optimism about the potential for a productive relationship between the United States and China, despite acknowledging the inherent rivalry between the two nations. He emphasized the need for this rivalry to be fair, indicating a desire for mutual respect and cooperation in various domains. Besant's remarks came during his appearance at a BTG event, where he highlighted the comfortable state of US-China relations at present, hinting at the complexity of their interactions.

As preparations are underway for an upcoming meeting between Besant and Chinese Vice President He Lifeng, he pointed out that this dialogue will take place ahead of President Donald Trump's scheduled visit to China in April. The exact timing and location of the meeting remain undisclosed by the Treasury Department, which indicates a level of caution and strategic planning involved in these high-stakes discussions. The emphasis on dialogue suggests a recognition from both sides of the importance of maintaining open lines of communication despite competitive tensions.

Moreover, Besant underlined the US's efforts to regain sovereignty in strategic sectors like critical minerals, semiconductors, and pharmaceuticals, framing this initiative as part of the broader economic competition with China. His assertion that the US will always be competitors reflects a long-term viewpoint on the necessity of vigilance in preserving its interests against the backdrop of evolving global dynamics. This statement not only highlights the ongoing competition between the two powers but also indicates areas where both countries might need to cooperate, raising questions about future trade relations and geopolitical stability.