Yellen Calls Out China Trade Practices in South Korea Visit – By Associated Press (VOA News) / July 18, 2022
WASHINGTON — Treasury Secretary Janet Yellen said the U.S. and South Korea should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage — calling out China by name.
“We cannot allow countries like China to use their market position in key raw materials, technologies, or products to disrupt our economy or exercise unwanted geopolitical leverage,” Yellen said in remarks prepared for delivery Monday, according to excerpts provided by the Treasury Department.
She is set to make the speech at an LG Corp. factory in South Korea. LG in April announced plans to build a $1.4 billion battery plant in Queen Creek, Arizona.
Yellen represented the U.S. at the Group of 20 finance minister meetings on Indonesia’s resort island of Bali and made stops in Tokyo, Japan and Seoul, South Korea. She avoided visiting China but held a call with China’s vice premier at the start of the month.
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