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flag U.S. and China maintain dialogue amid rivalry, focusing on de-risking, not decoupling, in key areas like tech and health.

flag U.S. Treasury Secretary Scott Bessent said the U.S. maintains a "very comfortable" relationship with China despite strategic rivalry, emphasizing ongoing dialogue and cooperation on issues like trade, climate change, and global stability. flag He stated the U.S. aims to "de-risk" rather than fully decouple from China, particularly in critical areas such as semiconductors and medical supplies. flag Bessent highlighted a recent positive phone call between Presidents Trump and Xi, with both leaders expressing optimism ahead of an upcoming meeting in April. flag The U.S. continues to balance competition with pragmatic engagement to manage tensions and address shared global challenges.

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