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Treasury Secretary Bessent Dismisses Chinese Investments in US as Part of Trade Deal

by Team Lumida
August 13, 2025
in Macro
Reading Time: 3 mins read
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US Treasury Secretary Bessent: Terming Out US Debt Is “A Long Way Off”
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Key Takeaways

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  • Treasury Secretary Scott Bessent ruled out the possibility that Chinese investments in the US would be included as part of any trade agreement.
  • Bessent emphasized the US goal to reshore critical industries such as semiconductors, rare-earth magnets, pharmaceuticals, and steel away from China.
  • He indicated that Washington expects sustained Chinese efforts to curb the flow of chemicals used in fentanyl production before considering tariff reductions.
  • Bessent plans to meet with Chinese counterparts again within the next few months to continue discussions.
  • The comments highlight ongoing US-China competition on trade, technology, and national security issues amid a tariff truce extended by President Trump.

What’s Happening?

Treasury Secretary Scott Bessent stated that Chinese investments in the US are unlikely to be part of any trade pact, contrasting with agreements the US has made with Japan, South Korea, and the EU. He stressed the importance of reshoring critical industries to the US to reduce dependence on China. Bessent also noted that the US will require months or even a year of progress from China in controlling fentanyl precursor chemicals before considering lowering tariffs imposed over the issue. These remarks come amid ongoing trade negotiations and a recent 90-day extension of the tariff truce between the US and China.

Why Does It Matter?

Bessent’s comments narrow the scope for resolving US-China trade disputes, signaling that the US prioritizes strategic industry security over investment concessions. The emphasis on reshoring critical sectors reflects broader concerns about supply chain resilience and national security. The requirement for sustained Chinese action on fentanyl precursor chemicals underscores the complexity of the trade relationship, which intertwines economic and security issues. This stance may prolong tariff-related tensions despite the current truce.

What’s Next?

Trade talks between the US and China will continue, with upcoming meetings expected to focus on enforcement and progress in key areas like fentanyl control. The US will maintain tariffs until it sees verifiable, long-term Chinese compliance. Both sides will also monitor developments in technology and AI sectors, where competition remains intense. Market participants will watch for any shifts in US policy that could affect trade dynamics and supply chains.

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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
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Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
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