Yellen says US may decouple to some extent from China to protect security

U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the United States to decouple in some areas from China to protect its national security, but she would worry about a complete severing of ties on the technological front.

FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis/Pool via REUTERS/File PhotoWASHINGTON: U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the United States to decouple in some areas from China to protect its national security, but she would worry about a complete severing of ties on the technological front.

"We are looking at full range of tools that we have to push back and to redress practices that harm us national security and our broader economic interests," Yellen told the Senate Finance Committee, citing curbs on potentially harmful Chinese investments in the United States."I would worry somewhat about complete technological decoupling," she said, adding that many U.S. allies would be reluctant to sharply reduce their business activities in China.

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