JOURNAL ARTICLE

The U.S. doesn't want 'generalized decoupling' from China, but a strategic break instead, Treasury secretary says.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Ma, Jason 3 of 3

Abstract

The article focuses on Treasury Secretary Scott Bessent's remarks regarding the Trump administration's tariff negotiations with China. Bessent emphasized the U.S. aims to avoid a complete economic decoupling from China while seeking strategic self-sufficiency in critical areas such as steel, medicines, and semiconductors. Following recent tariff discussions, the U.S. reduced its tariffs on China from 145% to 30%, while China lowered its retaliatory tariffs from 125% to 10%. Both nations agreed to establish a consultation mechanism for ongoing trade discussions and will address non-tariff trade barriers during a 90-day period aimed at reaching a more comprehensive agreement. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:185133952
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