Treasury Secretary Bessent Stresses U.S. Will Not Decouple from China
Treasury Secretary Bessent stated that the U.S. does not aim to decouple from China but instead focuses on opening markets and restoring balance in trade.
According to Bessent, the U.S. will continue trading with China, particularly in non-strategic goods, and at lower tariff levels.
Bessent highlighted that the long-term goal is to bring back essential strategic industries to the U.S. The COVID-19 pandemic revealed significant shortfalls in critical sectors such as medicines, semiconductors, and steel.
The U.S. intends to address these gaps by ramping up domestic manufacturing, while maintaining trade relations with China in areas that benefit small businesses.
Continued Collaboration Despite Tariff Adjustments
Bessent emphasized that while the U.S. aims to restore key industries, trade with China will continue, particularly for non-strategic products, with tariff levels reduced. She stressed that this approach aligns with President Trump’s desire to open up China for business, without severing trade ties.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
