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Yellen Cautions Against Decoupling From China, Urges Economic Ties Despite Concerns

Decoupling from China Would Be ‘Disastrous,’ Yellen Says

Overview

  • Treasury Secretary Janet Yellen believes decoupling the US economy from China's would be disastrous.
  • Yellen hopes to travel to China soon to discuss the economic relationship, which she says is critical.
  • The US has tariffs on Chinese goods but aims to only minimize risks in the relationship, not harm China's economy.
  • Yellen outlined US concerns like China blocking US investments and human rights abuses, but said global institutions can counter China.
  • Yellen said the US and global economy would benefit from cooperation with China despite ongoing challenges.