Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China | Metals Mine

  • Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China

    From cnbc.com

    Treasury Secretary Scott Bessent said Monday that the trade agreement reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products. Though the U.S. “decoupling” itself from its need for cheap imports from the China has been discussed for years, the process has been a slow one and unlikely to ever mean a complete break. However, Bessent said there are now specific elements of decoupling in place that are vital to U.S. interests. The U.S. imported nearly $440 billion in goods from China in 2024, running a $295.4 billion trade deficit. “We do not want a generalized ... (full story)

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The Fool
May 12, 2025 9:38pm
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Decoupling for strategic necessities is the most sensible thing Team Trump has proposed. So now tell Nutlick, who is still preaching about bringing back generational sweatshop enterprise to somehow make America "great."

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