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US President Donald Trump, in a Fox News interview raised the possibility of decoupling the U.S. economy from China, a major purchaser of US goods.
Trump initially told interviewer Steve Hilton “we don’t have to” do business with China, and then later said about decoupling: “Well it’s something that if they don’t treat us right I would certainly, I would certainly do that.”
However Trump entered into a high-stakes trade war with China before reaching a partial Phase 1 trade deal in January.
In June, US Treasury Secretary Steven Mnuchin said a decoupling of the American and Chinese economies will result if the companies are not allowed to compete on a fair and level basis in China’s economy.
