U.S.: De-risking Relations With China Without Decoupling
Rokna Political Desk: The U.S. Treasury Secretary emphasized the need to “de-risk” relations with China, stating that Washington has no intention of decoupling from Beijing but aims to minimize its dependency on China for critical minerals within the next one to two years.
Scott Bassant, the U.S. Treasury Secretary, said on Sunday evening, “We do not want to decouple from China, but we must de-risk. They have proven to be an unreliable partner in many areas.”
According to Rokna, Bassant told CNN, “The biggest issue is removing China’s control over critical rare minerals essential to hundreds of advanced technology products. China is standing against the world. They placed this burden on everyone, and the world has pushed back.”
The Treasury Secretary added, “Over the next one to two years, we will move very quickly to free ourselves from this sword China holds over us — a weapon they are also using against the rest of the world.”
In this context, Axios reported: “The framework agreed upon by the world’s two largest economies has not even been finalized on paper, and both sides are escalating their rhetoric. This raises concerns that the agreement may not be sustainable and might only have delayed, rather than resolved, their trade tensions.”
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