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

Published 08/22/2020, 05:49 PM
Updated 08/22/2020, 05:50 PM
© Reuters. U.S. President Trump addresses 2020 Council for National Policy meeting in Arlington, Virginia

By Jan Wolfe

WASHINGTON (Reuters) - U.S. President Donald Trump, in a Fox News interview airing Sunday, raised the possibility of decoupling the U.S. economy from China, a major purchaser of U.S. 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 U.S. Treasury Secretary Steven Mnuchin said a decoupling of the U.S. and Chinese economies will result if U.S. companies are not allowed to compete on a fair and level basis in China's economy.

Latest comments

The US does not need China. Never before did we, and we don't need them now.
Just remember who helped built the rail road
LMAO
Kiss about 3 million US jobs goodbye if this would happen.
We have problem in msia as race based policies but have us really seriously ensure the minorities don't get suppress from the government? I can ensure you whoever come to power in us, they have to face the reality.
How to get rid of it while American protomote global economy at the very first place. And thru all these years American is enjoying cheap labours and high profit from China and other Asian countries. If you really have problem with communist party so do Vietnam. They don't control their people? They have election but totally no transparency at all.
the Orange fool twabbles again
So many comments were deleted, what a censorship!!!
So time yo short tsla and amzn?
tommorow nasdaq and dow sale off
Obama was a sellout Depleted America Most of those manufacturers in China are companies started by liberals in order to steal US money The reason why they want him out is because he knows it and he’s going to remove those companies America is corrupt hey
This would be another death nail to American farmers' coffins. What is he thinking? Has he forgotten the billions of aid already provided?
Its advantage to the local farmers
16 years of Bush Jr and Obama helped China gain much if its power! If Hillary had become president, then..... you catch my drift!
China is a Communist state. It controls its people. You are obviously not American or at least I hope you’re not. I am an American and will always support what is in the best interest of the American people. China is not a free state. We, as a democracy should not do buisness with a country who suppresses its people.
Come on bud... Good luck to you!
its logical thing ****
Good way to get Wall Street to like Biden more
Trump will not decouple. China holds a trillions in US debt/equities and US is a massive consumer that China needs to sell stuff to. They have a mutually assured destruction in an economic sense. If US stops buying from China, China will just press the sell button. Its all smoke and mirrors.
 and this is all on the assumption that the USD will remain the reserve currency if China sells all its US assets at once. What do you think china has been doing with all those USD it has obtained from selling stuff to the US for decades? Yes, buying US debt and equities. Lets hope they don't decide to sell them all at once.
 Eddie doesn't understand what you are talking about.  Talks of US debt to a lot of the Trump supporters is like explaining rocket science to your hamster.
selling at once is impossible. There is no such buyer except FED.
He has said alot about china however he s never delivered
White house wont do anything bad to china brfore eletion day all talk
Unfortunately, that is true
this is all for show. Trump is all talk trying to show some *** He is acting like a little kid throwing a temper tantrum wanting to take his ball and run home to his mommy. In the business world, he may have respect and may have the leverage to do so but in the political world, he makes the US the laughing stock of the world. We are the idiots who elected him so the blame is all ours. Let hope we don't make the same mistake twice!
“We don’t have to do business with China” yea. How did you pay China to get Melania’s patents approved? Why is the ICBC (Industrial Commercial Bank of China) located in Trump tower New York? The largest transfer of wealth in American history is happening in broad daylight.
Complete jibberish.
New York. Tyler Phillils loves having a traitor for president. Hope you swallow, you will get the Trump privilage of making bankruptcy great again. Losers!
Can we at least keep our TikTok?
No one asked why many basic stuffs are made oversea. It's because our factory workers are one of the laziest in the world. Want to get big money all benefit and take a 45 min break for every hour of work.
Mostly jibberish. US workers are among the most productive in the world.
HAHAHA... No your not. Every time you experience even minor issues you guys go on strike. Your manufactured products never sale well outside of the US. I never understand why you guys have such high opinion of you workforce, you guys are inept and make junk products.
Well, we do have top R&D in US. The problem is all at the bottom of social pyramid. Our products are designed perfectly but assembled by monkies. These monkies want maximum pay but minimum works.
It would not be a bad idea to stop doing buisness with the enemy, but unfortunately everything comes down to money. It’s not about doing what is right. As long as people can make more money they will jump on the opportunity. Greed will eventually be humanities downfall, because it isn’t enough to have eighteen lambos. You need to have nineteen to make yourself feel better!
Why enemy? Give examples, we waiting...
Another fake Reuters bot!
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