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

Stock Markets Aug 22, 2020 05:50PM ET
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© 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.

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

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Comments (21)
JD Marshall
JD Marshall Aug 23, 2020 6:20PM ET
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The US does not need China. Never before did we, and we don't need them now.
S C Lim
S C Lim Aug 23, 2020 6:20PM ET
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Just remember who helped built the rail road
Jason Zou
Jason Zou Aug 23, 2020 12:50PM ET
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LMAO
Me comment
Me comment Aug 23, 2020 12:34PM ET
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Kiss about 3 million US jobs goodbye if this would happen.
Nam Soo Hoo
Nam Soo Hoo Aug 23, 2020 11:36AM ET
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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.
Nam Soo Hoo
Nam Soo Hoo Aug 23, 2020 11:32AM ET
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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.
Frank Mostertman
Frank Mostertman Aug 23, 2020 11:29AM ET
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the Orange fool twabbles again
Jack AAA
Jack_A Aug 23, 2020 10:58AM ET
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So many comments were deleted, what a censorship!!!
marty marty
marty marty Aug 23, 2020 7:44AM ET
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So time yo short tsla and amzn?
Allail Jamal
Allail Jamal Aug 23, 2020 1:44AM ET
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tommorow nasdaq and dow sale off
Youngwealth Richworld
Youngwealth Richworld Aug 23, 2020 12:54AM ET
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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
 
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