The United States wants to end its “undue reliance” on China’s rare earths and other key commodities, preventing Beijing from using its reserves for political manipulation as it has done with other countries, US Treasury Secretary Janet Yellen said today .
In particular, Ms. Yellen, who arrived in Seoul today, told Reuters she was pushing to strengthen U.S. trade ties with South Korea and other trusted allies to ensure the resilience of the country’s supply chains and prevent their possible manipulation by geopolitics. opponents.
“Resilient supply chains mean diversity of supply sources and eliminate as much as possible the possibility that our geopolitical adversaries will be able to manipulate us and threaten our security,” she said in an interview en route to Seoul.
The finance minister also pointed out that South Korea has “huge strengths in terms of resources, technology and capabilities” and its companies are already investing in the United States.
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.