President Trump made a shocking announcement on Sunday, revealing that he is considering stepping up his pressure on China by “decoupling” the US’s economy from the communist nation’s.
Trump, who once touted his good relationship with Chinese President Xi Jinping, has come out with guns blazing against China after the Asian powerhouse remorselessly mishandled the coronavirus crisis and continues to abuse the human rights of its own citizens.
Trump told Fox News in an interview airing on Sunday that ” “we don’t have to” do business with the manufacturing giant, though the US economy is deeply intertwined with China’s.
Trump has been escalating pressure on China for months, even dismissing long-held plans for a second major trade deal with China. Trump explained, that “decoupling” the two nation’s economies is “something that if they don’t treat us right I would certainly, I would certainly do that.”
This isn’t the first time that Trump has brought up severing ties with one of the world’s most powerful economies. Trump brought up the concept of “decoupling” in June, tweeting at the time “the U.S. certainly does maintain a policy option, under various conditions, of a complete decoupling from China.”
Trump’s comment came in response to U.S. Trade Representative Robert Lighthizer’s June testimony before the House Ways and Means Committee that he didn’t believe that severing the relationship is a viable policy option.
Decoupling from the Chinese economy would force a major supply chain and economic realignment, which could be costly in the short term. However, China’s blatant misconduct in recent months appears to have forced the conversation.
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