WASHINGTON (REUTERS) - US President Donald Trump, in a Fox News interview airing on Sunday (Aug 23), raised the possibility of decoupling the United States economy from China, a major purchaser of US goods.. Read more at straitstimes.com.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Biden administration could herald smoother US-China relations, say Chinese expertsBEIJING - A United States led by former vice-president Joe Biden would be more predictable and smoother for China to deal with, Chinese experts have said, even though they expect a Biden administration to continue taking a tough line on Beijing.. Read more at straitstimes.com.
Read more »
Saudi Aramco suspends US$10b China oil refinery venture[SINGAPORE] Saudi Arabia's state oil company has suspended a deal to build a US$10 billion refining and petrochemicals complex in China, according to people familiar with the matter, as the company slashes spending to cope with low oil prices. Read more at The Business Times.
Read more »
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.
Read more »
Chinese EV maker XPeng looks to raise up to US$1.11 billion in US IPOChinese electric vehicle (EV) manufacturer XPeng Inc said it hopes to raise up to US$1.11 billion in its initial public offering (IPO) in New ...
Read more »
Chinese EV maker XPeng seeks to raise US$1.1b in US IPO[SAN FRANCISCO] Chinese electric-car startup Xpeng Motors is seeking in its US initial public offering to raise US$1.1 billion, slightly topping last month's listing by rival Li Auto Inc. Read more at The Business Times.
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 ...
Read more »