The U.S. doesn't want 'generalized decoupling' from China, but a strategic break instead, Treasury secretary says

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The U.S. doesn't want 'generalized decoupling' from China, but a strategic break instead, Treasury secretary says

//travel-leisure.news-articles.net/content/2025/ .. tegic-break-instead-treasury-secretary-says.html

Published in Travel and Leisure on Monday, May 12th 2025 at 13:26 GMT by

Fortune

"But what we do want is a decoupling for strategic necessities, which we were unable to obtain during COVID."

The article from Fortune, published on May 12, 2025, discusses the ongoing U.S.-China trade tensions and the strategic decoupling efforts led by former President Donald Trump's administration. Scott Bessent, a former Trump economic advisor, highlights the continuation and escalation of tariffs on Chinese goods as part of a broader strategy to reduce economic dependence on China. The article details how these tariffs, initially set by Trump, have been maintained and even increased by subsequent administrations, reflecting a bipartisan consensus on the need to protect American industries and national security. Bessent argues that this approach is necessary to counter China's economic practices and to foster a more resilient U.S. economy, despite the potential short-term costs to consumers and businesses. The piece also touches on the global implications of this decoupling, suggesting that other nations are watching and adjusting their own economic strategies in response to the U.S.-China dynamic.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/12/us-china-tariffs-trump-trade-war-strategic-decoupling-scott-bessent/ ]

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