Summary
- US Treasury Secretary Janet Yellen clarified that the upgraded partnership with Vietnam does not necessitate severing ties with Russia or China.
- Vietnam’s policy involves collaborating with multiple countries, allowing it to maintain relationships with Russia and China.
- Yellen defended President Joe Biden’s increased tariffs on certain Chinese goods as strategic for protecting specific sectors like electric vehicles and semiconductors.
- The tariffs aim to prevent US firms in critical sectors from being impacted by dumping and coordinated Chinese efforts.