Treasury Secretary Janet Yellen and President Joe Biden support greater income and growth in China, stating it is beneficial for the globe and the United States.
Yellen emphasized that the U.S. will take actions to protect national security but aims to target them narrowly to avoid causing broad harm to China’s economy.
This position was conveyed to Chinese leaders to address their concerns about U.S. decisions impacting China’s economic growth. (Trending: Jury Reaches Verdict In Paul Pelosi Hammer Case)
Bowing before China: Biden Treasury Secretary Janet Yellen pic.twitter.com/JROCCTsxfw
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Ailsa Chang preempted her question to Yellen saying, “I know that the Biden administration has made some moves in the name of national security that China takes issue with, like I’m talking about restrictions on U.S. investment in certain Chinese tech sectors, prohibiting the export of certain tech goods to China, tariffs on imported Chinese goods, sanctions on Chinese firms.”
And then asked the Biden official, “How do you explain those decisions to Chinese leaders when they are accusing the U.S. of trying to stifle their economic growth?”
“I made clear in my conversations with my counterpart, Vice Premier He, that we are not trying to stifle China’s economic progress.” Yellen told the NPR co-host.
“And, as the President and I have both said, we think greater income and growth in China is good for the globe and good for the United States as well,” emphasizing an echoed claim by the Biden Administration.
“But we will take actions to protect our national security. And when we do that, we will try to target them narrowly so that we’re not imposing broad harm on China’s economy,” added Yellen.
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