US sanctions on China over Ukraine not ‘necessary or appropriate’ —US Treasury Secretary Janet Yellen

[beijingwalker]

US sanctions on China over Ukraine not ‘necessary or appropriate’ —US Treasury Secretary Janet Yellen​

By AFP
Today, 5:29 pm

Treasury Secretary Janet Yellen speaks to lawmakers on Capitol Hill in Washington, DC, on December 1, 2021. (AP Photo/Amanda Andrade-Rhoades, File)

US Treasury Secretary Janet Yellen says that sanctions against China are “not necessary or appropriate” since its support for Russia following the invasion of Ukraine was still unclear.

“I don’t think that that’s necessary or appropriate at this point,” Yellen says in an interview with CNBC, adding that “senior administration officials are talking privately quietly with China to make sure that they understand our position.”

She notes Washington “would be very concerned if they were to supply weapons to Russia. Or to try to evade the sanctions that we’ve put in place on the Russian financial system and the central bank. We don’t see that happening at this point.”

Yellen also warns that gasoline prices could rise further in the United States, where inflation is already at a rate not seen since the 1980s, sapping President Joe Biden’s popularity.

“It’s conceivable that they could move higher,” she says, but adds that the administration is trying to ensure adequate supplies of oil and natural gas, and also aid its European allies.

“But when the 11th-largest economy faces sanctions because of their horrific behavior in Ukraine, there just are going to be spillovers that are unavoidable,” she says.

US sanctions on China over Ukraine not ‘necessary or appropriate’ — Yellen

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www.timesofisrael.com

 

[beijingwalker]

lol, bring it on and see who suffers more, hyper inflation is already a gift from their trade war with China, and their trade war with China just can't sustain itself..

 

[Tshering22]

Sanctioning China? For a country that owes its maximum debts to China, this is not even worth publicly talking about it. Seriously, what were the planning to do? Stop trading? They do that and then China starts dumping dollar by the shiploads.

 

[tower9]

So basically the left hand doesn’t know what the right hand is doing

 

[IblinI]

US sanctions on China over Ukraine not ‘necessary or appropriate’ —US Treasury Secretary Janet Yellen​

By AFP
Today, 5:29 pm

Treasury Secretary Janet Yellen speaks to lawmakers on Capitol Hill in Washington, DC, on December 1, 2021. (AP Photo/Amanda Andrade-Rhoades, File)

US Treasury Secretary Janet Yellen says that sanctions against China are “not necessary or appropriate” since its support for Russia following the invasion of Ukraine was still unclear.

“I don’t think that that’s necessary or appropriate at this point,” Yellen says in an interview with CNBC, adding that “senior administration officials are talking privately quietly with China to make sure that they understand our position.”

She notes Washington “would be very concerned if they were to supply weapons to Russia. Or to try to evade the sanctions that we’ve put in place on the Russian financial system and the central bank. We don’t see that happening at this point.”

Yellen also warns that gasoline prices could rise further in the United States, where inflation is already at a rate not seen since the 1980s, sapping President Joe Biden’s popularity.

“It’s conceivable that they could move higher,” she says, but adds that the administration is trying to ensure adequate supplies of oil and natural gas, and also aid its European allies.

“But when the 11th-largest economy faces sanctions because of their horrific behavior in Ukraine, there just are going to be spillovers that are unavoidable,” she says.

US sanctions on China over Ukraine not ‘necessary or appropriate’ — Yellen

* * *

www.timesofisrael.com

Second round of trade war incoming? Ok then..

 

[K_Bin_W]

lol, bring it on and see who suffers more, hyper inflation is already a gift from their trade war with China, and their trade war with China just can't sustain itself..

View attachment 827302
View attachment 827303

The two boards in the back ground about global trade 2002 vs 2018 speaks volumes

 

[FairAndUnbiased]

Sanctioning China? For a country that owes its maximum debts to China, this is not even worth publicly talking about it. Seriously, what were the planning to do? Stop trading? They do that and then China starts dumping dollar by the shiploads.

How much accumulated FDI do they have in China?

Even as early as 2003 they had $500 billion in cumulative FDI in China.

https://www.cgdev.org/sites/default/files/9780881323818-Ch12.pdf

Chinese economy grew 10x between 2003 and now so if FDI grew only half as fast, there's $2.5 trillion in FDI in China. Plus Chinese leased planes, Chinese sovereign debt, etc.

I think that adds up to $3 trillion. Do they wanna make this trade?

 

[beijingwalker]

Sanctioning China is more like a hunger strike to make a point for US, you can go for 3 days and you better go back to eat otherwise you'll die.