The US and China have had relationship issues for quite some time. After a two-year trade war where it was tariff after tariff, the two superpowers agreed to a phase one trade deal where they’d try and cooperate. On Tuesday, US Trade Chief Katherine Tai was asked whether the tensions could lead to a decoupling between the two nations, and she said that the aim wasn’t a “divorce” but a “realignment in the global economy.”
Key comments:
“I would focus really on the kinds of changes that we’re trying to bring, which are really not about stopping trade or trade divorce,” Tai said. “They’re really about bringing reform and a more strategic approach to trade.”
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