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Donald Trump says US could 'decouple' and not do business with China

US President Donald Trump entered into a high-stakes trade war with China before reaching a partial Phase 1 trade deal in January. However, he has since shut the door on Phase 2 negotiations citing Beijing's handling of the pandemic.

August 23, 2020 / 09:51 AM IST

United States President Donald Trump, in a Fox News interview airing on August 23, raised the possibility of decoupling the US economy from China, a major purchaser of American goods.

In a video excerpt, 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."

Trump entered into a high-stakes trade war with China before reaching a partial Phase 1 trade deal in January. Trump has since shut the door on Phase 2 negotiations, saying he was unhappy with Beijing's handling of the pandemic.

In June US Treasury Secretary Steven Mnuchin said a decoupling of the US and Chinese economies will result if American companies are not allowed to compete on a fair and level basis in China's economy.
Reuters
first published: Aug 23, 2020 09:51 am

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