US-China Decoupling: Acknowledging the Need to Reduce Mutual Dependence

TL;DR;

The United States and China are aware of the need to gradually decouple and get rid of mutual dependence. China holds approximately $1.5 trillion in U.S. assets, half of which are U.S. Treasury bonds. There have been no specific consultations between the U.S. and China since April 2, and decisions have reached their respective top leaders.