BREAKING: US Treasury Secretary Bessent Calls for Strategic Decoupling from China in CNBC Interview
In a significant policy statement, US Treasury Secretary Bessent has announced that the United States is actively seeking a decoupling from China, citing "strategic necessities" as the driving factor behind the move. During an exclusive interview with CNBC, Secretary Bessent emphasized that while economic ties with China have long played a vital role in global trade, shifting geopolitical dynamics and national security considerations now demand a reevaluation of that relationship.
"We want a decoupling with China for strategic necessities," Bessent stated, highlighting the growing concerns over supply chain dependencies, technological vulnerabilities, and the broader implications of China's global influence. She explained that the U.S. is working to reduce its reliance on Chinese manufacturing and technology, and is encouraging American businesses to diversify their supply chains toward more secure and aligned partners.
This announcement marks a sharp turn in U.S. economic strategy and could have wide-ranging implications for global markets, trade relations, and diplomatic ties. Analysts believe this stance will accelerate reshoring initiatives and further tensions between the world’s two largest economies.
The Biden administration has previously taken steps to limit China's access to critical technologies, such as semiconductors, and this latest statement reinforces the administration's commitment to safeguarding U.S. strategic interests.
More updates to follow as this story develops.
