Program and guest
Full remarks by U.S. Treasury Secretary Scott Bessent, transcribed by DWS News, at the 60th anniversary dinner of the National Committee on U.S.-China Relations (New York). English original title: FULL REMARKS: Scott Bessent Outlines Trump's Strategy For A New Era Of US-China Relations | AC14.
Key points
- The goal is de-risking, not decoupling: the United States should produce more of what it consumes, and China should consume more of what it produces. 7:02
- Quoting Dalio, who was there, on a “beautiful great rebalancing”: Trump’s visit to Beijing in May, Xi’s visit to the U.S. in September, their meeting in Shenzhen next week, and then a fourth meeting in Miami. The two countries’ leaders meeting face-to-face four times in one year is “unprecedented.” 8:00
- The U.S. and China have established two new mechanisms (a Trade Council + a structural forum) to discuss market access and predictability. 8:59
- Kissinger’s greatest concern before his death was the new strategic danger posed by superintelligence. Trump has directed the establishment of a U.S.-China SI dialogue: to guard against shared risks, exchange methods for evaluating advanced models, keep humans in control of technology, and establish a direct channel to report serious model incidents to one another. 10:04
- Trade must benefit both sides and harm neither side’s sovereignty; “the success or failure of foreign engagement should be measured by the prosperity of the American people.” 11:58
Background and notes
Bessent delivered the full speech at the 60th anniversary dinner of the National Committee on U.S.-China Relations, outlining the Trump administration’s China strategy: de-risking rather than decoupling, plans for meetings between U.S. and Chinese leaders, and a superintelligence dialogue. Subtitle coverage: the video has 293 timestamped segments, covering 0:00–13:39 (total length 13:39), covering the full video. The views and timestamps in this article are based on the original subtitles; each timestamp marks the beginning of the corresponding spoken segment. Publication-time note: the publication time was approximately 17:10 on 2026-11-11 Hong Kong time, calculated from the relative time displayed by YouTube when retrieved, with hour-level precision.