Treasury Secretary Janet Yellen's speech today will outline three principal objectives behind the U.S.'s economic approach to China.
They haven’t been rescheduled, but Yellen said last week that she still hopes to visit Beijing for meetings with her new counterparts.Yellen will use her speech Thursday at John Hopkins University's School of Advanced International Studies to outline three principal objectives behind the U.S.'s economic approach to China.
“The United States does not seek competition that is winner-take-all,” Yellen will say, according to remarks prepared for delivery. Yellen will pledge to “clearly communicate to the PRC our concerns about its behavior,” while also noting that U.S. actions could have “economic impacts.” But she will emphasize that “our goal is not to use these tools to gain competitive economic advantage.”
She will also acknowledge the possibility that any potential U.S. action, which she won't specify, could cause “trade-offs with our economic interests.”
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