U.S. Secretary of the Treasury Scott Bessent met with Australian Treasurer Jim Chalmers to discuss cooperation on economic security in the Indo-Pacific region. The meeting addressed several important topics, including supply chain resilience for critical minerals and concerns about Chinese economic practices.
Secretary Bessent emphasized the significance of strengthening supply chains, particularly for critical minerals, and expressed concerns over China's economic imbalances and unfair practices. He also discussed the America First Trade Policy, highlighting opportunities for joint economic prosperity between the United States and Australia.
The discussions aimed to enhance collaboration between the two countries in addressing shared economic challenges and fostering mutual growth.
