Yellen will meet with senior Chinese officials pledging to seek 'healthy competition' with China as confrontation between the economic powers over U.S. technology export controls dominate headlines. What Janet Yellen hopes to achieve in China meetings:
President of the United States from 2017 to 2021WASHINGTON/BEIJING - As U.S. Treasury Secretary Janet Yellen tries to steady an increasingly tense relationship with China, the world's two largest economies remain tightly linked, but are showing some signs of future weakness.
Two-way trade hit a record $690 billion last year as U.S. demand for Chinese consumer goods rose and Beijing's demand for U.S. farm products and energy grew. U.S.-China trade had fallen after 2018, when former President Donald Trump imposed tariffs of up to 25% on some $370 billion in Chinese imports, but began to rebound during the COVID recovery of 2021.
The decline is due to a 24% reduction in Chinese exports to the U.S., while U.S. exports to China rose 3.5% through May. U.S. officials still complain that China failed to meet its commitments to massively increase purchases of U.S. farm and manufactured goods, including aircraft, under Trump's 2020 "Phase 1" trade deal signed just before the pandemic shuttered the global economy.
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U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang'The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,' U.S. Treasury Secretary Yellen said.
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Janet Yellen arrives in Beijing on mission to find common ground for U.S. and ChinaYellen's trip deepens a thaw in U.S.-China ties, coming weeks after Secretary of State Antony Blinken's own visit to Beijing in mid-June.
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US Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants.
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US Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen has arrived in Beijing for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants.
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Why Janet Yellen is going to ChinaLast month, U.S. Secretary of State Antony Blinken visited China in an attempt to partially smooth over the increasingly rocky relationship between the world’s two largest economies. Now it’s Treasury Secretary Janet Yellen’s turn.
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Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants.
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