Yellen: It’s ‘neither practical nor desirable’ to cut off economic relations with China
U.S. Treasury Secretary Janet Yellen began a five-day trip to China walking a geopolitical tightrope, affirming economic ties between the two countries while raising concerns about unfair business practices and overproduction of cheap goods. “Complete economic separation is neither realistic nor desirable,” Yellen said Friday in a speech at a U.S. Chamber of Commerce event […]
Treasury Secretary Janet Yellen calls for level playing field for US workers and firms during China visit
U.S. Treasury Secretary Janet Yellen on Friday called on China to address manufacturing overcapacity that could cause global economic disruption and level the playing field for U.S. businesses and workers. . The prime minister, who began a five-day visit to China in one of China’s major industrial and export hubs, said he expected tough talks […]
Taiwan Condemns ‘Shameless’ China for Accepting Global Earthquake Condolences
Taiwan’s Ministry of Foreign Affairs on Thursday expressed outrage at China’s move to accept messages of sympathy from countries around the world. deadly earthquake It struck eastern Taiwan on Wednesday morning. Even as Taiwanese rescue workers are still working to rescue earthquake victims and restore power and transportation to the affected areas, China’s Deputy Ambassador […]
Trump Spox Blasts Politico for Spewing ‘Lies’ about Trump’s Record on China
Trump campaign spokesman Stephen Chan slams the US on Thursday politiko Editor Katherine Kim for misrepresenting former President Donald Trump’s record on China. “Politico carries water to the Chinese Communist Party. Spews lies and falsehoods to interfere with the 2024 elections,” Zhang said. Said: In Politico’s Nightly Newsletter, Katherine Kim makes the dumb claim that […]
Japanese Corp. Trying to Buy U.S. Steel Tied to China
Several senators from the country’s Rust Belt are sounding the alarm over ties between the Chinese Communist Party (CCP) and Nippon Steel, a Japanese conglomerate that is considering acquiring US Steel Corporation. Last December, executives at U.S. Steel and Nippon Steel announced a nearly $15 billion deal to sell the iconic American steel giants to […]
Trump camp issues blistering response to Politico’s ‘false’ report China prefers Donald in WH: ‘harebrained’
The Trump campaign has slammed Politico’s “erroneous report” that China wants former President Trump to return to the White House in November, and is even supporting those efforts. “In Politico’s Nightly Newsletter, Kathryn Kim made the stupid claim that China wants President Trump back in the White House,” Trump campaign communications director Stephen Chan said […]
Yellen says US would consider imposing tariffs, other trade barriers on China
Treasury Secretary Janet Yellen said the United States would consider imposing tariffs and other trade barriers on China to protect industries affected by Beijing’s production expansion. “We’re trying to grow industries like solar cells, batteries, electric vehicles,” Yellen said Wednesday in Alaska, where she stopped before her trip to China, according to reports. Axios. “I […]
Typhoon-like winds hit South China during major storm leaving 7 dead
A rare storm with typhoon-like winds has killed at least seven people in southern China’s Jiangxi province since the weekend, including three who were blown from high-rise apartments while sleeping. of Abnormal weatherThe floods, which began on March 31, engulfed nine cities, including Nanchang and Jiujiang, and affected 93,000 people in 54 counties, Jiangxi Provincial […]
China Would Have Unacceptable Leverage over U.S. If It Takes Taiwan
Recent study The Heritage Foundation, a conservative think tank, has warned that Beijing’s takeover of democratic Taiwan would have major economic and security implications for the United States. “If war broke out in Taiwan, it would almost certainly cause a global economic depression,” said study author and researcher at the Heritage Foundation’s Center for Asian […]
Marco Rubio Outlines Dire Need for American Industrial Policy to Counter Globalism, China
Sen. Marco Rubio (R-Florida) said Tuesday that we need an industrial policy that promotes the domestic industrial base to the benefit of the working class while combating globalism and Communist China’s economic penetration. outlined in the speech. washington post editorial. Mr. Rubio’s call to action is a counterpoint to the Biden administration’s economic policies. believe […]