US Treasury Secretary Janet Yellen believes that breaking economic ties between the US and China would lead to disaster for Washington. In an article published in a newspaper Washington PostYellen points out that dividing economies in this way would be against the national interests of the United States.
But the US Treasury chief also noted the need to diversify supply chains in a volatile world. He believes the United States is seeking healthy economic competition with China that could benefit both countries.
Janet Yellen argues in her article that America’s economic strategy aims to develop domestic economic potential rather than suppressing other economies. He also noted the impossibility of compromise while preserving the national security of the United States and its allies.
According to Yellen, the United States and China are obliged to bridge existing differences between them to prevent a transition to a state of conflict. He emphasized that relations between the two countries cannot be limited to crisis management only.
Previously in China appreciated The impact of sanctions on trade with the Russian Federation.