Bessent: We want a decoupling with China for strategic necessities
- We are going to protect our steel, semiconductor industries, selected medicines
- Believe China is now serious about halting fentanyl flows into the US
- We have a mechanism in place to avoid upwards tariffs pressure
- We want American businesses to be able to sell to China
- I imagine we will meet (with China) again in the next few weeks
- We got a lot done over two days
- Will see what we can do on non-tariff barriers