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it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house. you asked about the chinese response. in a commentary friday, they blasted yellen's xenophobic narrative of china's excess capacity. they said it smacks of creating a pretext of rolling out more protectionist policies to shield u.s. companies. he also heard from the vice finance minister who pushed back saying the current production capacity is far from meeting market demand. he was talking about green tech energy products like batteries and ev's, which i believe peter elstrom is here to talk about after me. paul: he is and we will get to
it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house....
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Apr 8, 2024
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but the premier, mr li, seemed optimistic about dr yellen�*s visit. translation: i've read online reports about your visit - and from the moment you touched down in guangzhou, chinese citizens have been enthusiastic and continuously commenting. in fact, this reflects the expectations for the outcome of your visit. china remains angry at us sanctions on its access to advanced semiconductors. it says they are designed to suppress its technological development. it's also concerned at us moves to force bytedance to divest the popular tiktok app. for its part, the us is concerned about tensions over taiwan and in the south china sea. china claims taiwan as an inherent part of its own territory, and ownership of some disputed islands in the south china sea. we're witnessing something of a rapprochement, but everything could change later this year if president trump is returned to the white house. mark williams, chief asia economist, capital economics. iamjust i am just looking at some of the quotes from that press conference. janet yellen says they will not
but the premier, mr li, seemed optimistic about dr yellen�*s visit. translation: i've read online reports about your visit - and from the moment you touched down in guangzhou, chinese citizens have been enthusiastic and continuously commenting. in fact, this reflects the expectations for the outcome of your visit. china remains angry at us sanctions on its access to advanced semiconductors. it says they are designed to suppress its technological development. it's also concerned at us moves to...
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Apr 5, 2024
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treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is more than the global economy can bear. overcapacity for china becoming problematic now. we will keep across the rest of her four day visit to the country. europe has swapped russian lng for supply from the u.s. we will bring you a deep dive in europe's natural gas outlook and what it means for the energy transition. this is bloomberg. ♪ lizzy: time for our weekly deep dive into the green energy transition, europe is made it through winter with record gas storage levels and reduce reliance on russian gas committed instead to u
treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is...
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your reaction to janet yellen in china once again this week. >> when janet yellen says that our relationship with beijing is more stable, what she's really saying is she's agreed to more dialogue, for instance on overcapacity. but as we talk, the chinese delay. as they delay, we do not get to meeting full solutions and they -- meaningful solutions and they continue to the flood our markets with goods that are overly subsidized by the chinese government. this is a disas disaster for u. her words sound nice. we've been talking to china for more than three decades about these issues. as we talk, china's actions he deteriorate. this is just not good for us. she should start talking about imposing costs on china and doing is now and then -- and then, maria, we might get somewhere. maria: yeah. and talking china for three dak decades, he they've been stealing intellectual property from american businesses and robbing, replicating and replacing our businesses and that you apparently didn't come up in her conversation. it's laughable that the chinese side is trying to say that it's america that's tr
your reaction to janet yellen in china once again this week. >> when janet yellen says that our relationship with beijing is more stable, what she's really saying is she's agreed to more dialogue, for instance on overcapacity. but as we talk, the chinese delay. as they delay, we do not get to meeting full solutions and they -- meaningful solutions and they continue to the flood our markets with goods that are overly subsidized by the chinese government. this is a disas disaster for u. her...
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Apr 7, 2024
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despite the more optimistic tone, ms yellen also issued a warning during earlier talks, saying there would be consequences for chinese businesses if they support russia's war in ukraine. trade between beijing and moscow more than doubled last year compared to 2020. ms yellen's main aim on herfour day visit is to persuade beijing to rein in excessive production, on goods such as electric cars. china says talk of over—capacity is a pretext for american protectionism. for more on the trip, i spoke to michael sobolik, senior fellow in indo—pacific studies at the american foreign policy council and author of the book countering china's great game. what do you make, first of all, of this warning from janet yellen to china over its businesses supporting russia's war effort? beijing is going to laugh it off, like they've laughed off so many other warnings from the biden administration in the past. the reality is that the united states is in a cold war with china, and america is losing. and one of the biggest reasons the united states is losing is because so many american politicians seem
despite the more optimistic tone, ms yellen also issued a warning during earlier talks, saying there would be consequences for chinese businesses if they support russia's war in ukraine. trade between beijing and moscow more than doubled last year compared to 2020. ms yellen's main aim on herfour day visit is to persuade beijing to rein in excessive production, on goods such as electric cars. china says talk of over—capacity is a pretext for american protectionism. for more on the trip, i...
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Apr 5, 2024
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yellen this morning making her way to china. and we will bring you the very latest from the ground from our correspondent. are exclusive interview with the president of global satellite mutations company viasat. we discussed their business strategy for the aipac region and their recent acquisition. but first, are exclusive with the argentinian president as he strikes a more pragmatic tone on china after previously calling the country an assassin. that is next. keep it here with us. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. ♪ haslinda: welcome back. argentinian president javier milei is striking a more pragmatic tone when it comes to china. just six months ago, he had threatened to curb ties, calling the asian nation an assassin. javier milei spoke exclusively with bloomberg's editor-
yellen this morning making her way to china. and we will bring you the very latest from the ground from our correspondent. are exclusive interview with the president of global satellite mutations company viasat. we discussed their business strategy for the aipac region and their recent acquisition. but first, are exclusive with the argentinian president as he strikes a more pragmatic tone on china after previously calling the country an assassin. that is next. keep it here with us. this is...
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Apr 7, 2024
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so to secretary yellen's credit, she's trying to get ahead of the curve, but she's going about it all wrong. you don't reason with the chinese communist party and play diplomacy with them, you outcompete them and out—leverage them. here in washington and, i should say, all across the us and among young people, there is a lot of focus on tiktok, the social media app. there is a bill right now that would force its parent company, bytedance, to sell the company or tiktok would be banned nationwide. what do you think the chances are of that bill passing here in the us? so i'm talking with congressional staff and members of congress daily on the subject of this bill, and the sense that i have from capitol hill is that the momentum has slowed since the bill left the house and went to the senate, but there is still quiet progress being made. majority leader chuck schumer mentioned the tiktok bill in a letter he sent to all the senators about the upcoming agenda for the senate in the next session, so i think there's a lot of road ahead. we don't know for sure yet, but i'll put it this way:
so to secretary yellen's credit, she's trying to get ahead of the curve, but she's going about it all wrong. you don't reason with the chinese communist party and play diplomacy with them, you outcompete them and out—leverage them. here in washington and, i should say, all across the us and among young people, there is a lot of focus on tiktok, the social media app. there is a bill right now that would force its parent company, bytedance, to sell the company or tiktok would be banned...
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we have been hearing a lot from janet yellen on this trip about topics such as electric vehicles and solar panels. why do you think she has made those topics such a priority?— topics such a priority? well, i think it's, _ topics such a priority? well, i think it's, first _ topics such a priority? well, i think it's, first off, _ think it's, first off, important to note that even though china is investing a lot of money on green energy, they are also the world's greatest greenhouse gas emitter. so let's keep that in perspective. but i think secretary yellen is focusing on those issues with a lot of intensity because china has invested a lot of resources for its own companies to be the dominant players in the 21st century for solar power and for electric vehicles. and once those technologies get to a critical mass, they are going to change a lot of our daily lives, and china wants its companies to be the ones controlling not only the vehicles and the solar panels that people and companies are buying, but they want to control the whole supply chain. and if america has learned anything
we have been hearing a lot from janet yellen on this trip about topics such as electric vehicles and solar panels. why do you think she has made those topics such a priority?— topics such a priority? well, i think it's, _ topics such a priority? well, i think it's, first _ topics such a priority? well, i think it's, first off, _ think it's, first off, important to note that even though china is investing a lot of money on green energy, they are also the world's greatest greenhouse gas...
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caller: it is interesting from secretary janet yellen. the comment that she made, i think china is poised to try to take over our universe. it is a reflection we should all ponder. it is very important that we unify. divided, we will fall. host: what attitude should we take toward china generally? caller: china has been aggressive in all kinds of ways. now this so-called capitalist society needs to make sure all americans are included in this capitalist society. that is one of the issues. i will include everybody. host: that was terri in illinois. the hill reporting this morning, marjorie taylor greene keeping a fresh -- he being a fresh set of criticism on speaker johnson, laying out a list of grievances against the louisiana republican and explain her decision to follow a motion to oust him. marjorie taylor greene is threatening to force a vote to remove johnson and late into the speaker for a litany of reasons, arguing that he is not properly serving the gop conference. "i will not tolerate mike johnson serving the democrats and helpin
caller: it is interesting from secretary janet yellen. the comment that she made, i think china is poised to try to take over our universe. it is a reflection we should all ponder. it is very important that we unify. divided, we will fall. host: what attitude should we take toward china generally? caller: china has been aggressive in all kinds of ways. now this so-called capitalist society needs to make sure all americans are included in this capitalist society. that is one of the issues. i...
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host: that was treasury secretary janet yellen. we will hear from rick from boston, democrats line. good morning. caller: can you hear me?
host: that was treasury secretary janet yellen. we will hear from rick from boston, democrats line. good morning. caller: can you hear me?
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. >> treasury secretary yellen is not ruling out the possibility of new tariffs on china. >> janet yellen wraps up her visit. >> it's beneficial and desirable and it needs to be on the level playing field. and in the number of ways we feel it's not. >> jamie dimon's warnings for investors. higher rates, and the profound implications of a.i. >>> we begin with news vonding a major supplier to nvidia. the white house announcing $6.6 billion for the company's arizona plants. under the commitment, tsmc is committed to adding a third complex. jim, we're talking some 20,000 construction jobs, there's money in here for workforce training. >> this is a big one, it's the ones that we really need. i don't know, we'll have to talk about how much they really feed. we don't have enough engineers to build these. david, you know that this is the most tenuous, we'll talk with sara about it, the most tenuous situation we have, which is we could lose access to this if china moves on taiwan. >> we could. >> that's a big threat. >> certainly important component of our concern if that were to occur. >> and sup
. >> treasury secretary yellen is not ruling out the possibility of new tariffs on china. >> janet yellen wraps up her visit. >> it's beneficial and desirable and it needs to be on the level playing field. and in the number of ways we feel it's not. >> jamie dimon's warnings for investors. higher rates, and the profound implications of a.i. >>> we begin with news vonding a major supplier to nvidia. the white house announcing $6.6 billion for the company's...
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Apr 8, 2024
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paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these industries and excess capacity has to go somewhere if the domestic economy is not aching up, it goes abroad in the form of cheaper exports for global trade, that is the argument. let me back up. first of all, beijing has been playing nice and listening to complaints across the table from janet yellen and has not according to u.s. officials blasted her across the table as a rebuttal, but we heard from the news agency in a commentary friday, they blasted her narrative of chinese excess capacity and the vice finance minister pushed back saying the
paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these...
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dr yellen�*s seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday she met the chinese premier li qiang and struck an emolient tone. we have put our bilateral relationship on a more stable footing. this is not meant ignoring our differences or avoiding tough conversations. it has meant understanding that we can only make progress if we directly and openly communicate with one another. china's xinhua news agency has accused the united states of fabricating a china threat and criticised washington for erecting trade barriers but the premier mr li seemed optimistic about dr yellen�*s visit. translation: i have read online reports about your visit _ and from the moment you touched down in guangzhou, chinese citizens have been enthusiastic and continually commenting. in fact, this reflects their expectations
dr yellen�*s seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday she met the chinese premier li qiang and struck an emolient tone. we have put our bilateral relationship on a more stable footing. this is not meant ignoring our...
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Apr 26, 2024
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compare and contrast this visit of secretary blinken with that of secretary yellen a few weeks ago. >> well, i think there are a lot of similarities. secretary yellen was asking for some adjustments in chinese industrial policy, talking about overcapacity in certain industries, leading to large exports, which potentially could be adverse for the united states blinken is also conveying a message that's asking china to change its policy, just like secretary yellen in this case, restricting a broader range of exports to russia china has not violated any official sanctions, but the u.s. is raising the ante, saying even normal trade has to be more restrictive, because it might indirectly contribute to russia's war-making capability as you already noted, china has not sold any military equipment, direct military equipment to russia but now we're asking them to tighten out even more. >> how big a danger is the relationship -- how much danger is embedded in the u.s./china relationship specifically, there's a lot of talk about pressure the south china sea, pressure against taiwan how dangerous
compare and contrast this visit of secretary blinken with that of secretary yellen a few weeks ago. >> well, i think there are a lot of similarities. secretary yellen was asking for some adjustments in chinese industrial policy, talking about overcapacity in certain industries, leading to large exports, which potentially could be adverse for the united states blinken is also conveying a message that's asking china to change its policy, just like secretary yellen in this case, restricting...
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Apr 3, 2024
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now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about, whether she will go into the details is remained to be seen that the u.s. government is concerned about what they see as a flight of exports going overseas. there were discussions on a number of other issues, fentanyl is a big one. we will see if janet yellen speaks to that but when the working group on fentanyl met earlier this year, there were people from the treasury and the bank of china who were part of that to talk about how to stop currency flows into the drug trade. there are a lot of different things they have to work on. we are hitting the im
now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about,...
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Apr 8, 2024
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dr yellen�*s seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring our differences or avoiding tough conversations. it has meant understanding that we can only make progress
dr yellen�*s seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring...
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Apr 4, 2024
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janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't really move the dial when it comes to where the markets are in terms of bets for when the fed cuts are coming. you had treasuries ending broadly higher yesterday, but now steady. and now all eyes turn to the jobs report tomorrow. remember, powell said last month that unexpected weakening in the labor market could warrant a policy response from the fed. you have got the dollar a touch weaker, its close relationship with the fed bets seems to have evaporated, but gold very much listening to powell. the yellow metal settling above $2300
janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't...
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dr yellen's seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring our differences or avoiding tough conversations.
dr yellen's seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring...
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secretary yellen. an easy menu of things out there. >> secretary yellen has been in china for the last two days were she's focused on the whole range of issues in the china relationship but in particular it the problem of state subsidized dumping sectors like batteries over panels etc.. i'm wondering whatca you can she about how the prime minister would talk about the relationship with china and coordinating our purchase on managing these very challenging issues. doctors yamada i'll start with you. >> i cannot predict what they are going to discuss that china is one of the issues i'm sure on their minds. the economic matters as ambassador emanuel said has been from time to time -- and at this time china is introducing a stand on japanese fishery program. as we discussed the security matter is one of the important issues but also the overall a approach. i'm sure the leaders will discuss it and the china -- japanese art trying to have a stable relationship with china through communications withne te chin
secretary yellen. an easy menu of things out there. >> secretary yellen has been in china for the last two days were she's focused on the whole range of issues in the china relationship but in particular it the problem of state subsidized dumping sectors like batteries over panels etc.. i'm wondering whatca you can she about how the prime minister would talk about the relationship with china and coordinating our purchase on managing these very challenging issues. doctors yamada i'll start...
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Apr 5, 2024
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our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was referencing what markets are expecting in the non-farm payroll today. what do you think it will bring today for investors? >> i think the market is a hope machine. it would love to see the number below 15150. i think it will be within that range. the adp numbers were 185,000. consistent, but higher than last month. i think the important thing is to focus on the wages. right now, wages year over year are 4.1% higher. that was the figure in february. we will see what it is here. i do think that the fed is -- as mohamed el-erian stated in the clip, he said they should be
our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was...
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Apr 8, 2024
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so the tension is very much remain here and also echoing president biden, of course, secretary yellen also raised the issue of warning china not to provide russia with any material support in their war effort in ukraine but of course, as we speak, the russian foreign minister lavrov has now arrived in beijing to talk with the chinese counterparts and a strengthening. their so called no limit partnership and potentially paving the way for another putin visit so all of this of course, is a reflection of the strategic assessment of both sides about themselves and about the other's intentions. it seems the chinese have made this choice of aligning themselves closely with the russians because of their shared grievances against us. us dominated the order, and their desire of reshaping that. and that is unlikely to change even with these visits and conversations, janet yellen has been emphasizing especially in a us election year rose mery steven jiang in beijing monday, thanks for joining. appreciate your report >> coming up. mexico's presidential candidates, where often the debate ahead of
so the tension is very much remain here and also echoing president biden, of course, secretary yellen also raised the issue of warning china not to provide russia with any material support in their war effort in ukraine but of course, as we speak, the russian foreign minister lavrov has now arrived in beijing to talk with the chinese counterparts and a strengthening. their so called no limit partnership and potentially paving the way for another putin visit so all of this of course, is a...
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Apr 8, 2024
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appreciate him >> still to come us treasury secretary janet yellen has her last meetings in china on the final day of her diplomatic trip. we're live in beijing with the very latest >> there's debris in the guy, erez, husbands and wives gone. >> i wish i could've done something differently. you can just make it better for those that follow space shuttle columbia, the final flight, two part finale next sunday at nine on i was scared when i was told age-related macular degeneration could jeopardize my vision. it was hard, but taking present the vision was easy preservation as the exact clinically proven, a red two formula recommended by the ndi. >> i'm taking control like millions of others. >> so would you get to nashville hot tenders and three remainder an orange tenders >> what about you? three classic tenders for big butterfly shred for the current baby. >> i said, always a competition. >> you can't handle the shrimp see about that. >> yeah, we will always dry scope before you run >> hot dog died, god makes sure it's time we listened to science one a day is formulated with key nutr
appreciate him >> still to come us treasury secretary janet yellen has her last meetings in china on the final day of her diplomatic trip. we're live in beijing with the very latest >> there's debris in the guy, erez, husbands and wives gone. >> i wish i could've done something differently. you can just make it better for those that follow space shuttle columbia, the final flight, two part finale next sunday at nine on i was scared when i was told age-related macular...
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paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they had to shut down because of imports from china being so cheap. i bet that's going to be her major point of contention as she heads to china this week. i think that would be interesting. she's obviously made a previous visit to china. i'm not sure how much that will move the needle on those discussions. the fact that it is ramping up as another point of contention that the u.s. has on china. haidi: our news desk editor there. some of the other stories we are tracking when it comes to these major economies. china has dethroned the u.s. to become the top alignme
paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they...
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Apr 16, 2024
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janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪ >> i fully expect we will take additional sanctions action against iran in the coming days. we do not preview our sanction tools but in discussions i have had, all options to disrupt terrorist financing of iran continue to be on the table. haidi: treasury secretary yellen on the response to the attack on israel. the white house has fresh sanctions will target israeli's missile and drone program -- iran's missile and drone program. let's bring in kirsten fontenrose, president, red six international. great to have you with us. we were chatting in the commercial break. you are saying the likelihood of a further retaliation is 100%, and it is a matter of when, and what this looks like, and if we hear about it. kirsten: exactly, the israeli government has announced it will retaliate, it is a matter of when. they are holding their discretion about when and where. the prime minister addressed the opposition, and
janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪ >> i fully expect we will take additional sanctions action against iran in the coming days. we do not preview our sanction tools but in discussions i have had, all options to disrupt terrorist financing of iran continue to be on the table. haidi: treasury secretary yellen on the response to the attack on israel. the white house has fresh...
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Apr 4, 2024
04/24
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he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know, for a couple of years there was bad
he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know, for a couple of years there was bad
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Apr 29, 2024
04/24
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nor are we decoupling our economies for secretary yellen during her recent visit the big disasters for the global economy including for the united states. we went china's economy to grow. so did the american businesses and investors here. some of whom i had a opportunity to speak with in shanghai. the weight china it grows it matters as i told my counterparts, that means fostering a healthy economic relationship were american workers and firms are treated equally and fairly. in today's meeting i discussed prc dangerous actions of the south china sea including against routine philippine maintenance operations and maritime operations. freedom of navigation and commerce of these waterways is not only critical to the philippines but to the u.s. and to every other nation in the end of pacific and indeed around the world. that is why so many nations have expressed concern about prc maritime maneuvers. i made clearars, while the u.s.l continue to work to de-escalate tensions our defense commits to the philippine remain ironclad. i reaffirm the u.s. one china policy and stress the critical imp
nor are we decoupling our economies for secretary yellen during her recent visit the big disasters for the global economy including for the united states. we went china's economy to grow. so did the american businesses and investors here. some of whom i had a opportunity to speak with in shanghai. the weight china it grows it matters as i told my counterparts, that means fostering a healthy economic relationship were american workers and firms are treated equally and fairly. in today's meeting...
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Apr 27, 2024
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as you heard secretary yellen say, this is important to us in many countries around the world, but we want to make sure it proceeds fairly and in no way that doesn't have these unfair effects on our industries and our workers spend on our companies. under, again, that something that is shared across the world. when it comes to china support russian defense industrial base, all i could tell you. i was extremely clear about our concerns in some detail at, but we will have to see what actions follow from that. now, i think china has demonstrated in the past when it comes to russia and ukraine that it can take positive action you . you will recall that well over a year ago we had concerns that russia was considering the possible use of a nuclear weapon and i believe that china's voice was important, at least at that time, moving russia away from the possible course of action. but now it is absolutely critical that the support that it is providing not in terms of weapons components for the , but defense industrial base , again, things like machine tools, microelectronics where it is overwh
as you heard secretary yellen say, this is important to us in many countries around the world, but we want to make sure it proceeds fairly and in no way that doesn't have these unfair effects on our industries and our workers spend on our companies. under, again, that something that is shared across the world. when it comes to china support russian defense industrial base, all i could tell you. i was extremely clear about our concerns in some detail at, but we will have to see what actions...
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Apr 5, 2024
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he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know for a couple of years there
he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know for a couple of years there
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your reaction to another trip janet yellen is taking, has taken, on the ground in china. i don't see them coming here all the time but feels like the us is begging for this relationship with beijing, feels like it is 1-sided. how do you see it? >> great to be with you. we need to unpack what the treasury secretary just said. she used the word dialogue, that was the catchphrase of the obama administration, lots of strategic dialogues but what we should be focusing on is china's behavior and that is only worsening with things like the counterespionage law, the detention of foreign nationals including dual citizen chinese americans, raids on american businesses. that's one aspect of this, you have to look at their behavior but secondly, she mentioned the word decouple, china's trying to decouple from the united states, while it is nice the treasury secretary says that, it doesn't really reflect the reality of the relationship. thirdly, the biden administration has made a huge push for electric vehicles in the united states. that has made us more dependent on communist china
your reaction to another trip janet yellen is taking, has taken, on the ground in china. i don't see them coming here all the time but feels like the us is begging for this relationship with beijing, feels like it is 1-sided. how do you see it? >> great to be with you. we need to unpack what the treasury secretary just said. she used the word dialogue, that was the catchphrase of the obama administration, lots of strategic dialogues but what we should be focusing on is china's behavior...
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janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any threats of sanctions, the chinese will keep doing what they could do, the chinese comet's party not the people, the ccp, what are your thoughts, here they are in a bar having beers. >> what china does, their overproduction and by state owned enterprises by the way because of the subsidies that they receive that is how they can undercut what is taking place back here with american business and that means jobs for us and the impact on our eco economy. as we know full well, china has destroyed our textile industry, destroyed our furniture industry, was making a move on d
janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any...
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Apr 9, 2024
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. >> secretary yellen has been in china the last two days, where she spoke on a range of challenging issues but in particular this problem of state subsidized overcapacity dumping, sectors like batteries, solar panels, etc. i was wondering what you can share about how the president and prime minister will talk about the economic relationship with china and whether there will be any new initiatives to be announced related to coordinating our approaches to managing these very challenging issues. ambassador yamada, maybe this time i will start with you if that's ok. ambassador yamada: i do not project what they are going to discuss, but china is one of the issues i am sure in their minds when they have in-depth discussions, the economic matters, especially economic security, is one of the issues they discuss. as ambassador emanuel said, japan has been from time to time victims of chinese economic coercion. at this time, china is introducing unreasonable import bans on japanese fishery products. so as we discussed china, economic security matters is one of the important issues but also o
. >> secretary yellen has been in china the last two days, where she spoke on a range of challenging issues but in particular this problem of state subsidized overcapacity dumping, sectors like batteries, solar panels, etc. i was wondering what you can share about how the president and prime minister will talk about the economic relationship with china and whether there will be any new initiatives to be announced related to coordinating our approaches to managing these very challenging...
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Apr 25, 2024
04/24
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quite a different tone compared to yellen when she visited china. you've got to wonder how blinken wants to stabilize relations. >> i think ultimately they are both two sides of the same coin. you had to yellen in beijing a few weeks ago talking about industrial overcapacity. that is certainly on blinken's agenda now as he meets with top communist party officials in shanghai. he is also meeting with some leaders, possibly xi jinping. his also hitting a lot of china's ties to russia. a lot of that comes down to how that may be bolstering russia's defense capabilities in its war with ukraine, so ultimately i think from this foreign policy perspective, from lincoln's point of view as the top diplomat, i think it is really about driving home that harder message. we will see how that plays out during this trip, but i will remind you, we are not expecting a lot of major political deliverables on this one. haslinda: china likes to be up in arms. we saw how the aid for taiwan, ukraine, pretty much linked to tiktok ban, divest or get banned. >> this visit co
quite a different tone compared to yellen when she visited china. you've got to wonder how blinken wants to stabilize relations. >> i think ultimately they are both two sides of the same coin. you had to yellen in beijing a few weeks ago talking about industrial overcapacity. that is certainly on blinken's agenda now as he meets with top communist party officials in shanghai. he is also meeting with some leaders, possibly xi jinping. his also hitting a lot of china's ties to russia. a lot...
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Apr 13, 2024
04/24
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us finance minister janet yellen after four days of talks in china. bloomberg notes that china has received similar warnings from the us before. however, in their opinion, janet yellen's statement in beijing indicates an extraordinary level of the threat of sanctions. after all, it sounded on the same day when the minister of foreign affairs of russia sergey lavrov arrived for negotiations in beijing. about the situation. around us- china relations in our next story. china is preparing its military potential and will be ready to enter taiwan by 2027. accordingly, the statement was made at the end of march by the head of the us indo-pacific command , john aquilino, bloomberg reported on march 21. all signs point. of president xi jinping at a meeting with the national academy of sciences regarding the readiness to invade taiwan by 2027 . the actions of the hb indicate their ability to meet the chosen sidzen ping deadline unite taiwan with mainland china by force, if directed. china considers taiwan a part of its territory, so in the past few years there
us finance minister janet yellen after four days of talks in china. bloomberg notes that china has received similar warnings from the us before. however, in their opinion, janet yellen's statement in beijing indicates an extraordinary level of the threat of sanctions. after all, it sounded on the same day when the minister of foreign affairs of russia sergey lavrov arrived for negotiations in beijing. about the situation. around us- china relations in our next story. china is preparing its...
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Apr 10, 2024
04/24
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secretary yellen was in china last week and thoughts she was trying to express. what is china's economy like? >> it's stumbled. their covid reaction was awful. longer term that one child policy continues to haunt them. they were on the verge of eclipsing us. i think they mismanaged their population. demographics is destiny and so i don't think they will per se. but they have actually in the last year or so started to shift anyway. xi's primary communication with their congress about a year or so was always about the economy. we'll be the world's best. ten areas we'll dominate the world and a timeline. but it went more military. we have to defend ourselves and taiwan became more of an issue. they diverted but yellen's mission was intriguing saying hey, don't overbuilt, slow down on the subsidies and the exports. that's what they've done for a long time. by the way that's what the biden administration is doing. you can't brag about we're going to invest in all of these things but tell china not to do the same thing. >> bill: xi suggestion they would issue sanctions
secretary yellen was in china last week and thoughts she was trying to express. what is china's economy like? >> it's stumbled. their covid reaction was awful. longer term that one child policy continues to haunt them. they were on the verge of eclipsing us. i think they mismanaged their population. demographics is destiny and so i don't think they will per se. but they have actually in the last year or so started to shift anyway. xi's primary communication with their congress about a...
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Apr 3, 2024
04/24
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that as the us treasury secretary janet yellen embarks on her second trip to china in less than a year. erin delmore has the details. , ., ., ~ details. the phone call marked the first one-on-one _ the first one—on—one communication between us presidentjoe biden and china's president xijinping presidentjoe biden and china's president xi jinping since november, and they had a lot of ground to cover. the risks associated with rapidly developing ai technology and military communications, and the trafficking of illicit drugs like fentanyl. a white house summary of the
that as the us treasury secretary janet yellen embarks on her second trip to china in less than a year. erin delmore has the details. , ., ., ~ details. the phone call marked the first one-on-one _ the first one—on—one communication between us presidentjoe biden and china's president xijinping presidentjoe biden and china's president xi jinping since november, and they had a lot of ground to cover. the risks associated with rapidly developing ai technology and military communications, and...
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it's bilateral relations with russia, that's off the us treasury secretary john it's yellen who's touring the country. so weston's chinese companies with repercussions for working with mosca. the continue to be concerned about the rules that any firms, including those in the p, r c, are playing and rushes, military procurement. i stress the companies including those in the p, r. c must not provide material support for roaches more and that they will face significant consequences if they do. and i reinforce that, any banks that facilitate significant transactions, the channel military, or do use goods to russia's defense, industrial base, expose themselves to the risk of us sanctions. when relevant countries should not attack the normal relations between china and other countries. older, legitimate, twice an interest between china and other countries, companies in general, take measures to safeguard this. the ju them is interest and invites to, well, i think this whole episode is very, it characteristic, all the communication and diplomatic style that the united states for some reason choo
it's bilateral relations with russia, that's off the us treasury secretary john it's yellen who's touring the country. so weston's chinese companies with repercussions for working with mosca. the continue to be concerned about the rules that any firms, including those in the p, r c, are playing and rushes, military procurement. i stress the companies including those in the p, r. c must not provide material support for roaches more and that they will face significant consequences if they do. and...
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Apr 18, 2024
04/24
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janet yellen just back anthony palenque, trying to get the communication going between the u.s. and china. lloyd austin speaking to china's defense minister on tuesday claiming to reestablish top-level military communication for the country for 2022 this was austin's first time speaking to the defense minister who took over the role back in december. we have no evidence that received real communication between the two militaries but this is apparently why the biden administration keep sending cabinet members there begging for a report. >> the chinese look at this and treat the united states as vassals because we goaded beijing. by the way the defense minister is not really a top chinese military official. lloyd austin counterpart in the chinese system is xi jinping in his role as chairman of the communist party central military commission. china always had our senior officials talk to mid-level chinese officials because they believe that the way that they can demonstrate that there in a superior position. we need to stop this. if lloyd austin wants to talk about military matters
janet yellen just back anthony palenque, trying to get the communication going between the u.s. and china. lloyd austin speaking to china's defense minister on tuesday claiming to reestablish top-level military communication for the country for 2022 this was austin's first time speaking to the defense minister who took over the role back in december. we have no evidence that received real communication between the two militaries but this is apparently why the biden administration keep sending...
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Apr 11, 2024
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the honorable janet yellen, secretary of the treasury, and the honorable adewale adeyemo, deputy secretary of the treasury. the honorable gina raimondo, secretary of commerce. >> before dinner was served, the two first couples descended the staircase in the white house's cross hall for their official portrait from the evening -- portrait of the evening. ♪ ♪ ♪ ♪ ♪ and finally, a peek into the dinner itself, the only view the public gets for this kind of white house event. we will hear president biden and japanese prime minister fumio kishida's toast to each other in their countries. pres. biden: and i'm delighted that you are here. even the cherry blossoms bloomed early. they did, by the way, they did. those blossoms are the first time spring gives rise and a reminder we can begin a new every year. and to all -- tomorrow can be a better day than today. what both our countries hold dear, new beginnings. thank you again for being here. and a few days after my inauguration over three years ago, i received a big, shiny blue and red envelope covered with stickers on the envelope. it wa
the honorable janet yellen, secretary of the treasury, and the honorable adewale adeyemo, deputy secretary of the treasury. the honorable gina raimondo, secretary of commerce. >> before dinner was served, the two first couples descended the staircase in the white house's cross hall for their official portrait from the evening -- portrait of the evening. ♪ ♪ ♪ ♪ ♪ and finally, a peek into the dinner itself, the only view the public gets for this kind of white house event. we will...
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Apr 3, 2024
04/24
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the call comes ahead of upcoming visits to china by treasury secretary janet yellen and secretary of state antony blinken, according to a white house readout of the call. a 7.5 magnitude earthquake has hit the east coast of taiwan, triggering japan and the phillippines to issue tsunami alerts. the authorities warn of waves that could be three metres in height. these are some recent pictures from on the ground in hualien, taiwan — where buildings have collapsed and there are reports of power outages. live now to shaimaa khalil, our tokyo correspondent. she is standing by in tokyo after the latest. good to see you. what's been happening and what is the impact of the quake? what is the impact of the auake? ~ . . , what is the impact of the auake? ., ., , ~ ., what is the impact of the auake? ., ., ., ., ., quake? we already know that one area injapan. _ quake? we already know that one area in japan. i'm _ quake? we already know that one area in japan, i'm looking - quake? we already know that one area in japan, i'm looking at - area injapan, i'm looking at different sources, so bear w
the call comes ahead of upcoming visits to china by treasury secretary janet yellen and secretary of state antony blinken, according to a white house readout of the call. a 7.5 magnitude earthquake has hit the east coast of taiwan, triggering japan and the phillippines to issue tsunami alerts. the authorities warn of waves that could be three metres in height. these are some recent pictures from on the ground in hualien, taiwan — where buildings have collapsed and there are reports of power...
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Apr 18, 2024
04/24
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person whom trump wants to make secretary of the treasury, that is, to take the position that janet yellen now occupies, this is john paulson, the billionaire, he has already announced that if he becomes... the head of the treasury, he will die there , just to prevent trump from introducing tariffs of 60% on all imports from china, yes, which trump also talked about, so i think that here, of course, there will be very serious negative consequences for the american economy, and we have something to answer the americans, how many american ones we have here, well, if we are talking about the assets of private american companies, i think there are of course many, many billions here, that is, if desired slam everything freeze this is theoretically possible. you just need to slam everything, harshly and unambiguously, the european ones, by the way, also preventively, just slam everyone, yes, i will probably seem like the devil’s advocate in the eyes of many present, but it seems to me that this current cold war number two, sooner or later should still end in detente, version 2:0, since it was
person whom trump wants to make secretary of the treasury, that is, to take the position that janet yellen now occupies, this is john paulson, the billionaire, he has already announced that if he becomes... the head of the treasury, he will die there , just to prevent trump from introducing tariffs of 60% on all imports from china, yes, which trump also talked about, so i think that here, of course, there will be very serious negative consequences for the american economy, and we have something...
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Apr 6, 2024
04/24
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and ray, let me start with this, because janet yellen raised concerns about china flooding the market with subsidised solar panels. so i've got to ask you, do you agree with that? what do you say to that? aaron, thanks for that important question. the bottom line here in the united states is you're seeing major shift in supply chain right now. you're seeing manufacturing ramp up in the united states, at the same time that we need to continue to import panels in order to meet the demand that we have here in the united states for the projects that we have to be built across all 50 states. so there's a balance to be struck here between imports and ramping up manufacturing. is it too little too late, ray? if you look at what has been proposed now in the united states, we have over 2,000 gigawatts of projects that are just waiting for approval across all 50 states right now. most people don't know what a gigawatt is. it's an incredible amount of power. 2,000 is a huge number overall. if you wanted to break that down, if all those projects get built, that would be enough power to electrify
and ray, let me start with this, because janet yellen raised concerns about china flooding the market with subsidised solar panels. so i've got to ask you, do you agree with that? what do you say to that? aaron, thanks for that important question. the bottom line here in the united states is you're seeing major shift in supply chain right now. you're seeing manufacturing ramp up in the united states, at the same time that we need to continue to import panels in order to meet the demand that we...
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Apr 20, 2024
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of that with videos like this coming out of the communist country last week treasury secretary janet yellen and ambassador to china laughing it up and whooping it up drinking beers at a brewery in beijing, joining us michigan congressman john molinari, the incoming chairman of the house select committee, the committee to publish the new report, thank you very much for being here this weekend. >> thank you for having me, good to be with you. maria: tell me more about what your committee has found out in terms of china's complicitous in giving tax breaks to the companies that produce fentanyl so long they keep it out of china. maria: four years that we've known china is manufacturing the precursors to fentanyl that is used in killing hundreds of thousands of americans every year and what this report showed his direct evidence and how the chinese communist party is subsidizing these efforts, they are giving tax benefits to companies, not to build medicine or manufacture things that will improve people's health but rather companies that are manufacturing products that have no benefit healthwise
of that with videos like this coming out of the communist country last week treasury secretary janet yellen and ambassador to china laughing it up and whooping it up drinking beers at a brewery in beijing, joining us michigan congressman john molinari, the incoming chairman of the house select committee, the committee to publish the new report, thank you very much for being here this weekend. >> thank you for having me, good to be with you. maria: tell me more about what your committee...
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Apr 8, 2024
04/24
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treasury secretary janet yellen i held a news conference de she wraps up her four visit to china. this is yellen's second china trip and included meetings with the chinese premier and senior economic and finance officials. so the visit did not result in any major breakthroughs. the world's two largest economies did agree to hold intensive exchanges on more balanced economic a growth. it's not clear when and where talks might take place are mark short, marc stewart, excuse me, live in beijing with more >> mark. good morning to you. you just had a chance to question the treasury secretary. what did she tell you? >> hi casey. good morning. as you know, from your spot in washington, there is this intersection between economics and politics and china that secretary yellen is having to confront. it's a very full menu, just a few weeks ago, we had all this controversy involving tiktok. there is concern that chinese evs could perhaps collect data on american streets. it's a very long list and it is drawing skepticism as well as suspicion from washington, from main street, as well as from
treasury secretary janet yellen i held a news conference de she wraps up her four visit to china. this is yellen's second china trip and included meetings with the chinese premier and senior economic and finance officials. so the visit did not result in any major breakthroughs. the world's two largest economies did agree to hold intensive exchanges on more balanced economic a growth. it's not clear when and where talks might take place are mark short, marc stewart, excuse me, live in beijing...
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Apr 16, 2024
04/24
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some headlines coming through from secretary yellen. we will hear from her later beget a conversation taking place between two interesting leaders moments ago. annmarie: between president vladimir putin and the leader of iran. putin asked for restraint, according to the kremlin. restraint, the idea coming from the u.s. and western allies on netanyahu seems to be coming from moscow on tehran. when secretary yellen speaks today, she will talk about responding to challenges in the middle east and what the administration has laid out during the past two and half years, which is sanctions, and potentially signal more to come. you have to ask about what is left in the iranian economy for this treasury to go after? jonathan: it is not about new sanctions but enforcing existing ones. iran has already said as far as they are concerned, this is done. this is about israel now, israel's response if they want to take one, and what that looks like. lisa: and whether i'm in response to that and then israel response to that, the domino effect. one vlad
some headlines coming through from secretary yellen. we will hear from her later beget a conversation taking place between two interesting leaders moments ago. annmarie: between president vladimir putin and the leader of iran. putin asked for restraint, according to the kremlin. restraint, the idea coming from the u.s. and western allies on netanyahu seems to be coming from moscow on tehran. when secretary yellen speaks today, she will talk about responding to challenges in the middle east and...