U.S. Treasury Secretary Janet Yellen, during discussions with U.S. executives and members of the American business community in China, emphasized the importance of maintaining economic relations with China, stating it is neither practical nor desirable to sever ties. "President Biden and I firmly reject the idea that the United States should decouple from China," she declared. Despite this stance, Yellen made it clear that the U.S. will take measures to protect emerging industries from being undermined by cheap Chinese imports. Her remarks reflect a nuanced approach to managing the complex economic relationship between the two superpowers, balancing engagement with safeguarding American economic interests.
Yellen says US will not accept Chinese imports decimating new industries https://t.co/Ftvjv0YSvW
❖ YELLEN: I DON'T WANT TO SEE ECONOMIC RELATIONSHIP WITH CHINA TO DETERIORATE AND FRAY ❖ YELLEN SAYS US WILL NOT ACCEPT CHINESE IMPORTS DECIMATING NEW INDUSTRIES
Yellen says U.S. will not accept new industries being decimated by cheap Chinese imports https://t.co/FnKApDqi8n https://t.co/0Ypit8NyAi
NEW: Treasury Secretary Janet Yellen speaking to members of the American business community in China: “President Biden and I firmly reject the idea that the United States should decouple from China.” https://t.co/JmzMmdIGDz
U.S. Treasury Secretary Janet Yellen: It’s neither "practical nor desirable" to cut off economic relations with China https://t.co/ECF9aphx4g https://t.co/lsdXQZKI8u
Yellen told U.S. executives in China that it's neither "practical nor desirable" to cut off economic relations with the country — even as the Biden administration is moving to contain huge business threats from China https://t.co/eGlfbXbpCD