The U.S. seeks 'constructive and fair' economic ties with China, but will protect its national security interests and push back against Chinese actions to dominate foreign competitors, Treasury Secretary Janet Yellen said on Thursday.
U.S. Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, U.S., April 11, 2023. REUTERS/Elizabeth Frantz/File PhotoWASHINGTON, April 20 - The U.S. seeks "constructive and fair" economic ties with China, but will protect its national security interests and push back against Chinese actions to dominate foreign competitors, Treasury Secretary Janet Yellen said on Thursday.
She said she intended to travel to Beijing "at the appropriate time" to meet with her new Chinese counterparts to help "responsibly" manage the relationship, but Treasury offered no details on the timing of a trip. She took aim at China's "no limits" partnership with Russia, calling it "a worrisome indication that it is not serious" about ending Russia's war against Ukraine.
Yellen also said the U.S. would not compromise on national security interests and democratic values, even when they forced economic trade-offs. She underscored that Washington's actions against China were motivated solely by these concerns, and the goal was not to gain a competitive economic advantage.
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