Treasury Secretary Yellen: US prepared to impose sanctions on China if Taiwan invasion occurs

[beijingwalker]

Treasury Secretary Yellen: US prepared to impose sanctions on China if Taiwan invasion occurs​

Fri, April 15, 2022, 5:39 AM

U.S. Secretary of the Treasury Janet Yellen confirmed the Biden administration's intention to use sanction tools against China if Beijing ever “moved aggressively toward Taiwan.”

In response to Congressman Patrick McHenry's (R-NC) questioning on April 6, Yellen confirmed the administration's “ability and resolve” to sanction China if aggression against Taiwan ever came to light. She backed her position by stating, “I believe we've shown we can impose significant pain on aggressive countries, as evidenced by sanctions against Russia.”

Amid Russia's invasion of Ukraine, tensions have mounted between China and Taiwan. Earlier this year, Taiwan spotted Chinese warplanes in its Air Defense Identification Zone (ADIZ). Further, President Tsai Ing-wong called for unity in defense of the nation and strengthened military surveillance operations.

Last month, Chinese Foreign Ministry spokesperson Hya Chunying reiterated “One-China” policy sentiments, stating that Taiwan as an "inalienable" part of China's territory is "an irrefutable historical and legal fact." This was further emphasized in China's response last week to U.S. House Speaker Nancy Pelosi's scheduled, but then canceled, visit to Taiwan, which Beijing called "the most serious provocation."

Chinese Foreign Ministry spokesman Zhao Lijian reconfirmed these statements on April 7, stating that "the Chinese people's resolve and will to defend our sovereignty and territorial integrity is unwavering."

Treasury Secretary Yellen: US prepared to impose sanctions on China if Taiwan invasion occurs

U.S. Secretary of the Treasury Janet Yellen confirmed the Biden administration's intention to use sanction tools against China if Beijing ever “moved aggressively toward Taiwan.” In response to Congressman Patrick McHenry's (R-NC) questioning on April 6, Yellen confirmed the administration's...

news.yahoo.com

 

[MH.Yang]

Why don't we try to sanction each other first now?
USA confiscated China's overseas assets in western countries. We confiscate all western investment & Patents & factories in China.

 

[CAPRICORN-88]

I am not convinced any step taken by the USA won't hurt itself more in the process.

CPI at 8 2% released by US officials are challenged by many experts. They claimed that the actual figure is closer to 20%.

Threats don't works against either the Russian nor Chinese.

Hope American don't have end up pushing a wheel barrow of US dollar currency to buy essential foodstuff and later discovered someone stole the

Wheel Barrow leaving the dollar lying behind.

 

[CAPRICORN-88]

Now that motorists are openly stealing or siphoning gas from other cars and it is an IN thing in the US.

Sorry I just got thirsty and the gas in you tank is sweet as told by one motorist to another.

 

[Han Patriot]

So does it mean US will just sanction us? So they are just gonna abandon Taiwan liek Ukraine. Damn oussies!

 

[tower9]

If China invades Taiwan, the US threatens to drive up its inflation to 45%

 

[mudas777]

So does it mean US will just sanction us? So they are just gonna abandon Taiwan liek Ukraine. Damn oussies!

lol what ever US does not good enough for you lol . What were you expecting highness, invite to the US party.

 

[retaxis]

China doesn't want to invade Taiwan and is happy with status quo. Taiwan is happy with it also. America keeps declining demographically so time will suit china

 

[Beast]

Come on, do it now. Dont make us wait too long. You lose trade war with China and want to sanction China? LOL..

US is king of NATO ( NO ACTION TALK ONLY )

 

[Imran Khan]

that will be end of taiwan & US too

 

[beijingwalker]

Taiwan ranks as world’s 16th-largest trading economy​

Staff writer, with CNA
Sat, Apr 16, 2022

Taiwan ranked 16th among the world’s economies in merchandise trade last year, its highest ranking in 16 years, due in part to a higher ranking for imports, the Ministry of Finance said on Thursday.

Taiwan had US$827.9 billion in total merchandise trade last year, lifting it one notch in the rankings from a year earlier, the ministry said in a report, citing WTO data.

Among the four traditional Asian Tigers with high-growth economies, Taiwan’s total trade last year trailed that of Hong Kong (in sixth place), South Korea (eighth) and Singapore (15th), the report said.

World merchandise exports totaled US$22.3 trillion last year, an increase of 26.3 percent from the previous year, the WTO’s latest global merchandise trade data showed.
The ministry attributed the growth to the global recovery and higher demand.

Major world economies posted higher merchandise exports and imports than before the beginning of the COVID-19 pandemic in early 2020, it said.

The nation’s US$446.4 billion in merchandise exports accounted for 2 percent of global exports, ranking it 16th in the world, down from 15th in 2020, while its US$381.5 billion in merchandise imports accounted for 1.7 percent of the global total, ranking it 17th worldwide, up from 18th in 2020, the report said.

China exported US$3.4 trillion in goods last year, making it the world’s biggest exporting country with a 15.1 percent share of global exports.

It was followed by the US (7.9 percent), Germany (7.3 percent), the Netherlands (3.8 percent), Japan (3.4 percent) and Hong Kong (3.0 percent).

South Korea, Taiwan’s main competitor in the global trade market, reported US$644 billion in merchandise exports, accounting for 2.9 percent of world merchandise exports and ranking seventh worldwide, it showed.

The world’s top five importing countries last year were the US, China, Germany, Japan and the Netherlands.

The report also looked at how global trade has evolved over the past decade and China’s increasing export prominence.

China has been the world’s largest exporter since 2009, “benefiting from its domination of manufacturing supply chains and participating in regional economic and trade integration,” it said.

From 2011 to last year, China’s share of global exports rose 4.7 percentage points, compared with Hong Kong’s 0.5 percentage points and Taiwan’s 0.3 percentage points.

Japan and Germany’s share of exports during the same period fell 1.1 and 0.7 percentage points respectively, and export shares of the US, Singapore and South Korea edged lower by 0.2, 0.1 and 0.1 percentage points respectively, the report said.

Taiwan ranks as world’s 16th-largest trading economy - Taipei Times

Taiwan ranked 16th among the world’s economies in merchandise trade last year, its highest ranking in 16 years, due in part to a higher ranking for imports, the Ministry of Finance said on Thursday. Taiwan had US$827.9 billion in total merchandise trade last year, lifting it one notch in the...

www.taipeitimes.com

 

[lcloo]

China should respond by cutting holdings in US treasury bills and invest in gold and other metals and commodity. The risk of US frozen Chinese assets should be minimized to the same level of US assets in China.