Treasury Secretary, Janet Yellen criticized China’s punitive measures, barriers to access to its large market, and its subsidy policy. used by public enterprises. He read more laments, new and old, in a calm tone and according to his will. to build bridges rather than set them on fire. He reiterated that Washington seeks “healthy economic competition” and cooperation on global challenges. However, in some cases, the USA protect your national securityAnd we may disagree on that.” Herein lies the conflict: Beijing decides that the United States has sacrificed bilateral harmony at the altar of national security and China’s legitimate aim of prosperity.
Yellen met with Prime Minister Li Qiang and representatives of the US business community on the first day of her visit to Beijing on Friday. In the Chamber of Commerce, he addressed past complaints about China’s barriers to foreign players and the unfair advantages that publicly traded companies enjoy at the risk of subsidies. They are legitimate and shared with European counterparts. The problems of American businessmen are piling up because the slaps they receive are added to the traditional ones. current voltages. Hong Kong newspaper ‘South China Morning Post’ this week revealed the union’s pressure on Washington to rein in the warlike dynamic.
Yellen’s visit, which ends on Sunday, is expected to keep communication open, slow the deterioration of relationships, and persevere in her ritual formula “”.deep and sincere conversations“. His profile plays in his favour: pragmatic, away from globalist and hostile rhetoric. Even on the driest days, he opposed segregation as it would harm both the country and the whole world. He has also criticized tariffs on Chinese exports, which he describes as “taxes on the American consumer,” but they have no jurisdiction over trade, and the upcoming elections prevent it from withdrawing as it will be interpreted as a sign of weakness. He’s the closest thing to a friend China has in the White House, and he acts as a “good cop” in the casting.
rare metals
Context plays against both the election calendar and commercial turmoil. The economy has eased geopolitical frictions in the past, but is now affected by the hostile climate. Sanctions on Chinese companies and a ban on semiconductor exports were added to the customs duties that Washington maintained despite Beijing’s complaints. One of Yellen’s most sensitive tasks is to persuade the Chinese. Washington is not trying to sink its industry or curb its growth, but to protect its own national security.. His visit was preceded by the first Chinese coup, in which he had a nearly monopoly and limited global exports of gallium and germanium, rare metals essential for computer chips, electric cars and war machines.
It’s not as serious as it seems. These are not strict bans like those in the United States, but prior controls over national security risks that provide for a high degree of discretion and broad law enforcement. They will impress the largest importers, all of whom are Asian, more than the United States, and they will be almost harmless to Europe. European diplomatic sources reported this Thursday to El Periódico of the Prensa Ibérica group that China has chosen the mildest of all punishments. This is consistent with common sense: In the high-profile tariff war, which was stubbornly described as “eye for an eye, a tooth for a tooth” in the press during the Trump era, China reacted with drums to its elephant sanctions. What is needed so as not to offend the United States or look like a coward in front of their own internal audience. “Message sent and receivedWe hope this is understood,” headlined “China Daily” in Friday’s editorial. “They hit US trade where it hurt the most,” says the expert.
Yellen landed in Beijing just two weeks after Foreign Secretary Antony Blinken took off and a few days before the arrival of special envoy for climate affairs, John Kerry. Hajj reveals that the dialogue remains open despite the turbulence, unlike in recent years under the Trump administration. Blinken’s visit pleased both parties But it only took a day for President Joe Biden to spoil the mood by calling Xi Jinping a “dictator”. A call to reporters with PCR testing in the Great Hall of the People for this Saturday indicates Yellen will also be given an audience by the president, although she’s not on the show. The visit of the Minister of the Treasury was to be a document of China’s satisfaction.