US economy could 'decouple' and not do business with China, says Trump on TV interview

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

In a video excerpt, Mr Trump initially told interviewer Steve Hilton that"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," Mr Trump said. The president entered into a high-stakes trade war with China before reaching a partial phase one trade deal in January. Mr Trump has since shut the door on phase two 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 US companies are not allowed to compete on a fair and level basis in China's economy.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Wall Street subdued at open ahead of US business surveys[BENGALURU] US stocks opened little changed on Friday following the tech-heavy Nasdaq's all-time high in the previous session as focus shifted to business surveys for more cues on the economic recovery. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stymied at home, Korea's mom and pop investors charge into China tech stocksSouth Korean retail investors are stampeding into Chinese stocks in record numbers, ploughing hundreds of millions of dollars into a tech sector ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »