JOINT BASE ELMENDORF-RICHARDSON, Alaska (AP) — Treasury Secretary Janet Yellen is headed to a China determined to avoid open conflict with the United States,...
determined to avoid open conflict with the United States, yet the world's two largest economies still appear to be hashing out the rules on
Yellen didn’t rule out taking additional steps to counter Chinese subsidies in the green energy sectors, adding, "It’s not just the United States but quite a few countries, including Mexico, Europe, Japan, that are feeling the pressure from massive investment, in these industries in China.”in California, which renewed ties between the two nations’ militaries and enhanced cooperation on stemming the flow of deadly fentanyl and its precursors from China.
“For the time being, a ‘managed rivalry’ might be the best we can hope for, given the potentially catastrophic consequences of the relationship really going off the rails,” he said. Yellen's trip will run from April 4 to 9. It's intended as a follow-up to Yellen’s travel to China last July, which resulted in the launch of a pair of economic working groups between the two nations' finance departments to
China’s support of Russia as it continues its invasion of neighboring Ukraine is another issue that will come up during the meetings. As the U.S. and its allies sanction Russian officials and entire sectors of the Russian economy, like banking, oil production and manufacturing, trade between China and Russia has increased."If you have illegal aliens invading your home, we will deport you," the former president said at a rally.
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