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Washington:
U.S. President Donald Trump, in a Fox News interview airing Sunday, raised the chance of decoupling the U.S. monetary system from China, a major purchaser of U.S. objects.
In a video excerpt, Trump initially instructed interviewer Steve Hilton “we don’t have to” do enterprise with China, after which later acknowledged about decoupling: “Well it’s something that if they don’t treat us right I would certainly, I would certainly do that.”
Trump entered proper right into a high-stakes commerce battle with China sooner than reaching a partial Phase 1 commerce deal in January. Trump has since shut the door on Phase 2 negotiations, saying he was unhappy with Beijing’s coping with of the pandemic.
In June U.S. Treasury Secretary Steven Mnuchin acknowledged a decoupling of the U.S. and Chinese economies will end result if U.S. corporations are normally not allowed to compete on and diploma basis in China’s monetary system.
(Except for the headline, this story has not been edited by NDTV staff and is printed from a syndicated feed.)
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