US Treasury’s Bessent, China’s He trade economic complaints in call

FILE - U.S. Secretary of the Treasury Scott Bessent speaks at the White House in Washington on Feb. 3, 2025. Bessent spoke with Chinese Vice Premier He Lifeng by phone on Feb. 21, expressing frustration with that nation's efforts at rebalancing its economy.

U.S. Treasury Secretary Scott Bessent traded policy complaints with Chinese Vice Premier He Lifeng on Friday, with Bessent telling Beijing to do more to curb fentanyl trafficking and rebalance its economy, and He voicing concerns about President Donald Trump’s new tariffs, the two governments said.