FOX Business chief national correspondent Connell McShane breaks down the implications of the U.S. economically disbanding from China.
"The last time I reported from China in person was June 2019. We visited Weiwei headquarters in Shenzhen, and the buzzword even back then was decoupling. Calls were growing louder for an economic separation between these two world powers. But now, years later, the latest data just in shows trade between the U.S.
Political relations with China have hit a new low, but from an economic standpoint, business is "booming," McShane said, Monday. William Reinsch of the Center of Strategic and International Studies weighed in on the issue, saying that he believes that the U.S. is making strides to decouple from China, but said the effects of doing so do take a "long time" to surmount."I think we are, it just takes a long time and you don't see it immediately.
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