Treasury Secretary Scott Bessent called for a more balanced U.S.-China trade relationship ahead of talks between President Donald Trump and Chinese leader Xi Jinping. Speaking at a New York gala, Bessent said Americans must produce more of what they consume while China must boost domestic consumption. He framed reduced U.S. reliance on China as mutually beneficial, saying it “does not reflect hostility.” Chinese Ambassador Xie Feng also emphasized cooperation over confrontation. Trump is expected to meet Xi in Shenzhen next week as trade tensions persist and a fragile truce approaches its January expiration.