“Friendshoring is an important foundation of our approach to increasing resilience of our supply chains, and we see India as an indispensable partner in that and I hope to use this trip to deepen what is already a significant relationship with respect to friendshoring that the US an
The looming restrictions were discussed during US Treasury Secretary Janet L Yellen's meetings with senior Chinese officials during her recent visit to China.
Chinese hackers breached the email of Commerce Secretary Raimondo and State Department officials in the weeks before State Secretary Antony Blinken visited Beijing in June.
China which has lent nearly 1 trillion USD to some 150 developing countries is itself facing a 'debt bomb' at home, compelling Beijing to be reluctant in cancelling large debts owed by countries struggling to make ends meet.
US Treasury Secretary Janet L Yellen concluded her Beijing visit with no announcement of developments or agreements for improving the ongoing rifts between the two countries, The New York Times reported.
US Treasury Secretary Janet Yellen faces the tough job of stabilizing fractious US-China relations that worsened this week after China retaliated in a tech war with the United States, CNN reported.
During the first day of meetings in China, the US Treasury Secretary Janet L. Yellen criticized the punitive measures taken by the Chinese government against American firms, The New York Times reported.
US Treasury Secretary Janet Yellen on Thursday expressed "concern" over China's newly unveiled export controls on two strategic raw materials critical to the global chipmaking industry.
Yellen said that the "close collaboration" between India and the US showcases how "advanced and emerging economies" can bridge political differences and make progress on shared policy objectives.
"I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven't changed my assessment. So I think that that's a hard deadline," Yellen said on Sunday (