US lawmakers have urged Treasury Secretary Janet Yellen to investigate six Chinese companies accused of helping Iran bypass sanctions. They say these firms pose national security risks by supporting Iran's military and energy sectors, indirectly funding hostile actions through billions in US
US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng on Monday engaged in discussions on macroeconomic developments in both nations. Yellen during her discussions also addressed several US concerns, including China's non-market policies.
In a letter addressed to US Treasury Secretary Janet Yellen, they highlighted the city's growing role as a financial hub for the China (PRC), Iran, Russia, and North Korea nations under heavy international sanctions
Meanwhile, US President Biden has promised new measures to shield steel mills, automakers and other American companies against what he calls trade "cheating" by Beijing, according to the New York Times. The measures are expected to be announced early next week and will include tarrifs on Chi
"Union Finance Minister Smt. @nsitharaman had a Telecon with US Treasury Secretary Ms. Janet Yellen @SecYellen, today. The two leaders held cordial discussions on #InternationalTaxation," read a post on the official X handle of the Finance Ministry.
The meeting followed Blinken's over five-hour-long meeting with China's Foreign Minister Wang Yi in Beijing. The top US diplomat also met with China's Minister of Security Wang Xiaohong, who serves as the country's police chief.
In the meeting held via videoconference on Tuesday, Austin stressed the importance of keeping military-to-military communication lines between the US and China open, it said.
During the meeting, Yellen told Chinese officials that their industrial overcapacity, especially in green energy sectors, threatens American production of electric vehicles and solar panel parts.
Yellen, the first Cabinet-level official to visit China since President Joe Biden met Chinese leader Xi Jinping last November, shook hands with the heads of the American and European chambers of commerce in China after arriving for the meeting in the southern industrial hub of Guangzhou.<
Stating that the US is committed to an Indo-Pacific that is free and open, Secretary of Treasury Janet Yellen said that Washington is increasing its countries like India, Vietnam and Mexico reducing the dependence on China.