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Trump says could ‘decouple’, not do business with China
US President Donald Trump, in a Fox News interview airing today, raised the possibility of decoupling the US economy from China, a major purchaser of US goods.
In a video excerpt, Trump initially told interviewer Steve Hilton “we don’t have to” do business with China, and then later said about decoupling: “Well it’s something that if they don’t treat us right I would certainly, I would certainly do that.”
Trump entered into a high-stakes trade war with China before reaching a partial Phase 1 trade deal in January.
Trump has since shut the door on Phase 2 negotiations, saying he was unhappy with Beijing’s handling of the pandemic.
In June, US Treasury Secretary Steven Mnuchin said a decoupling of the US and Chinese economies will result if US companies are not allowed to compete on a fair and level basis in China’s economy.
- Reuters
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Tobby, China had never said they.want to follow the western.style democracy since Deng opened up China to the rest of the world. US and the west readily embraced China with China being.in the UN, WTO, WHO.etc.Deng and the subsequent leaders had repeatedly said that the current socialist system with chinese characters serve China well. This unique system has upgraded 800 millions Chinese from poverty. Compared with India which is the world largest democracy, its per.capita is only one fifth of.CHina despite the fact that they are at the same level in the 70s. The real motive that US want to decouple China is not about.democracy but to stop China.from being number1 . US prefer China to be like India which pose no threat to US. The fact that Saudi ARabia,a non.democracy is a good friend of US whereas Iran a democracy becomes the worst enemy of US exposes the biggest hypocrisy of US and the western world.
2020-08-23 17:43
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Too bad really.
2020-08-23 17:19