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The U.S. doesn’t want ‘generalized decoupling’ from China, but a strategic break instead, Treasury secretary says
fortune.com/2025/05/12/us-china-tariffs-trump-trade-war-strategic-decoupling-scott-bessent
Treasury Secretary Scott Bessent tried to put a finer point on the Trump administration's goals in its tariff talks with Beijing. While the U.S. wants to avoid a "generalized decoupling" from China, it still seeks to decouple for "strategic necessities," he told CNBC. Meanwhile, the U.S.…
This story appeared on fortune.com, 2025-05-12 16:54:58.