Treasury Secretary Janet Yellen said Friday that the United States is not seeking to “disconnect” its economy from China, despite calls from some Republican lawmakers.
“The United States is not seeking total separation of our economies,” Yellen said during a visit to Beijing with Chinese officials. “We aim to diversify, not divide. Separating the world’s two largest economies would destabilize the global economy and would be virtually impossible to do.” (Related article: ‘I have no idea what that means’: Tucker Carlson discards Biden’s off-script remarks about Xi Jinping during SOTU)
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At a meeting on April 20, Yellen criticized calls for the United States to separate from China. speech Speaking at Johns Hopkins University, he said such a move would be “disastrous” for both countries.
Republican Presidential Candidate Donald Trump and Businessman Vivek Ramaswamy He called for tougher measures against China on trade. US imports of goods and services from China reached $450.4 billion in 2020. according to Of the imports, electrical machinery accounted for $111 billion and machinery for $97 billion, resulting in a trade deficit of $310.3 billion.
The Biden administration was considering easing restrictions on U.S. investment in the People’s Republic of China through an executive order, Politico reported in March.
Some, like Republican senators, advocate severing trade ties with or reducing our dependence on China. Josh Hawley of Missouri, quote He condemned the country’s actions, including deploying a reconnaissance balloon across the United States before it was shot down by an Air Force F-22 Raptor on February 4. In April, the Justice Department indicted two men who helped run a “police station” in New Jersey. The city of York is under the control of Chinese authorities, who have allegedly used it to harass and target dissidents.
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