U.S. Treasury Secretary Allen and U.S. Trade Representative announced on the 20th that "we are not trying to 'separate' our economy from the Chinese economy."
The US trade representative met with the Japanese foreign minister, and at a press conference on the 20th, "Washington does not seek to separate the US economy from China," the spokesperson said, "is not a goal and cannot be achieved."
At a press conference for the Foreign Correspondents Club, the Associated Press reported that US Trade Representative Catherine Tai, her fourth visit to Japan as a trade special envoy in Tokyo on the 20th, said that all members of President Taiga Biden's administration "have no intention of separating" the Chinese economy. It was reported on the 20th that it said very clearly.
"U.S. trade sanctions against China are a 'narrow goal'," Tai said.
"China's economic growth does not have to be compatible with US economic leadership," Allen said at Johns Hopkins University's Graduate School of Advanced International Studies on the 20th. reported.
"These national security measures are not designed to help us gain competitive economic advantage or to deter China's economic and technological modernization," Allen said. It is safe enough in the leadership of the global economy to be welcome.”
Secretary Yellen also said, “The United States is not trying to damage the Chinese economy, and the targeted actions that the United States has taken against China, such as blocking China from the world's most advanced semiconductors, are purely to protect US national security.” is considering additional restrictions on China, including a program that would limit certain US investments in technology that could be used for surveillance or warfare.”
Commenting on Allen's approach, Ling Chen, assistant professor of political economy at Johns Hopkins University's Graduate School of International Studies, said, "The Biden administration has made clear the positive rationale for engaging in commercial relations with China in a way that it has not done before." "The Eden administration has now clearly differentiated itself from the Trump administration in its approach to China," he told The New York Times.
"The key challenge is to separate the areas of economic development that pose a national security threat and those that do not," Chen said. .
The NYT said, “Yellen’s remarks, delivered at Johns Hopkins University’s Graduate School of Advanced International Studies, are one of the most comprehensive expressions Biden officials have ever spoken about the administration’s position on China.” Despite the fact, he insisted that the US and Chinese economies should move in the direction of “separation”, revealing the gap with the Republican Party’s “separation of the US and China economies.”
In response to Secretary Allen's remarks, NYTs called for a 'constructive' and 'healthy' economic relationship between the US and China, which allows the two countries to work together to meet global challenges despite conflicting national security interests. ”he said.
NYT continued, “The Biden administration has taken a more targeted approach focused on preventing China from using military application technologies and reducing the US dependence on China for critical products such as solar panels and car batteries.” Republicans and Democrats now portray China as a dangerous economic competitor and security threat. "Many people have lost patience with the idea of involving China in a rules-based international system, arguing that past efforts to do so have not adequately improved the country's practices."
“The recently signed Agreement on Minerals Trade will allow electric vehicles using metals sourced or processed in Japan to benefit from tax relief under the Inflation Reduction Act,” said a Thailand USTR representative. It is one testament to America's commitment to 'building resilience and security'."
The representative of the USTR in Thailand subsequently held a meeting with the Minister of Economy, Trade and Industry in Japan, saying, “We also discussed ways to cooperate in protecting human rights in companies,” the Minister of Economy, Trade and Industry said on the 20th.