Monday, July 18, 2022

On the Korean Peninsula

Why doesn't your boss stop trading with China, then, Yellen?:

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 says in remarks prepared for delivery Monday, according to excerpts provided by the Treasury Department.

 

 

The US is weak under Biden. Now, the bulwarks against China are Japan and South Korea:

The foreign ministers of South Korea and Japan reaffirmed Monday the importance of bilateral ties and the three-way relationship with the United States as they renewed efforts to mend relations amid the war in Ukraine and other global tensions.



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