In recent testimony before the House, US Treasury Secretary Scott Bessent expressed optimism about the US economy, attributing substantial improvements in the Consumer Price Index to Trump administration policies. Bessent called for China to be a reliable partner in ongoing trade negotiations and emphasized the importance of honoring the Geneva trade agreement. He provided updates on inflation data and noted the potential for rebalancing economic ties between the US and China. Bessent highlighted tax revenue successes and capital investments expected from new tax and spending bills. His remarks come as the US and China reach a framework for a trade deal, with Bessent urging that cooperation is essential for economic stability.