Reducing Economic Ties with China: U.S. and Allies Consider Options.

TL;DR Summary
The US and its allies are considering ways to reduce their economic ties with China, while still maintaining broader trade and investment flows with the country. The move comes after Russia's invasion of Ukraine, which highlighted the need to limit ties in certain sectors viewed as strategic, while also preserving economic relationships.
U.S., Allies Weigh How to Reduce Economic Ties With China The Wall Street Journal
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