U.S. Treasury Secretary Steven Mnuchin said on Tuesday that a decoupling of the U.S. and Chinese economies will begin to occur if U.S. companies ...
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that a decoupling of the U.S. and Chinese economies will begin to occur if U.S. companies are not allowed to compete on a fair and level basis in China's economy.
FILE PHOTO: United States Secretary of the Treasury Steven Mnuchin testifies before a Senate panel on Capitol Hill in Washington, DC, U.S. June 10, 2020. Kevin Dietsch/Pool via REUTERSWASHINGTON: U.S. Treasury Secretary Steven Mnuchin said on Tuesday that a decoupling of the U.S. and Chinese economies will begin to occur if U.S. companies are not allowed to compete on a fair and level basis in China's economy.
Speaking at a virtual event sponsored by Bloomberg and Invesco, Mnuchin said he also had"every expectation" that China would live up to the terms of the Phase 1 trade agreement calling for a massive increase in Chinese purchases of U.S. goods, energy and services.
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