Bessent: We Don't Want Total Decoupling From China, 'they Can Have At' Mass-producing Clothes, Sneakers

On Tuesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Treasury Secretary Scott Bessent said that the U.S. doesn’t want a total decoupling from China, just a decoupling on “strategic industries” and “we have shared interests that this isn’t sustainable,” and China “can have at it” for mass production of things like clothes and sneakers. Bessent began by saying that “we have shared interests that this isn’t sustainable, as I said before, especially on the Chinese side. And 145%, 125% is the equivalent of an embargo. We don’t want to decouple. What we want is fair trade.” Later, he added, “I think a lot of American businesses have pre-positioned a lot of inventory, the trade deficit actually jumped because so many people bought in advance, and the companies that I’ve talked to have done that. So, we are going to stick to our guns, but, again, the U.S. and China have shared interests. They are the deficit country, though, they sell us about four times more than we sell them. So, it would be felt harder in China. But we don’t want a decoupling.” Bessent elaborated, “[W]e don’t want to decouple over textiles and things like that. What we do

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