Bessent: We want a decoupling with China for strategic necessities

Forex Short News
  • We are going to protect our steel, semiconductor industries, selected medicines
  • Believe China is now serious about halting fentanyl flows into the US
  • We have a mechanism in place to avoid upwards tariffs pressure
  • We want American businesses to be able to sell to China
  • I imagine we will meet (with China) again in the next few weeks
  • We got a lot done over two days
  • Will see what we can do on non-tariff barriers

This article was written by Justin Low at www.forexlive.com.