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During an interview with Bloomberg on Monday, U.S. Treasury Undersecretary for International Affairs Jay Shambaugh stated that while the U.S. will defend its economic and security interests, “we’re not trying to massively decouple” the American economy from China’s.
Host David Westin asked, “We also have tensions over trade and other issues between the United States and China. The U.S. and China are the two biggest economies in the world. What is the U.S. agenda right now in terms of China and specifically on the question of so-called decoupling? There’s a lot of concern among American business that we are moving toward decoupling, which would really hurt our economy.”
Shambaugh responded, “Well, David, I think you kind of framed it the right way, which is they’re the two biggest economies, so, we obviously need to be able to work together.
