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Steven Mnuchin says US-China decoupling will occur if American firms cannot compete fairly

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[unable to retrieve full-text content]US Treasury Secretary Steven Mnuchin said on Tuesday that a decoupling of the US and Chinese economies will result if American companies are not allowed to compete on a fair and level basis in China’s economy.Speaking at a virtual event sponsored by Bloomberg and Invesco, Mnuchin said he also had “every expectation” that China would live up to the terms of the phase one trade agreement calling for a massive increase in Chinese purchases of US goods, energy and services.“If we can compete with…

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[unable to retrieve full-text content]
US Treasury Secretary Steven Mnuchin said on Tuesday that a decoupling of the US and Chinese economies will result if American companies are not allowed to compete on a fair and level basis in China’s economy.Speaking at a virtual event sponsored by Bloomberg and Invesco, Mnuchin said he also had “every expectation” that China would live up to the terms of the phase one trade agreement calling for a massive increase in Chinese purchases of US goods, energy and services.“If we can compete with…
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