U.S. Treasury Secretary Scott Bessent stated that the U.S. does not seek complete decoupling from China. On the contrary, President Trump aims to open the Chinese market for business.

However, during the COVID pandemic, the U.S. recognized shortages of critical strategic products such as pharmaceuticals, semiconductors, steel, and more. Therefore, the medium- and long-term goal is to bring these strategic industries back to the U.S. as soon as possible.

Nevertheless, the U.S. will maintain trade with China, particularly for goods supporting small businesses, with lower tariffs.

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