Yellen: The United States deepen trade connection with allies to reduce ＂excessive de

(Seoul Road Power Power), US Finance Minister Yellen said that the United States must establish a deeper trade connection with the allies and end the "excessive dependence" of key products from China such as rare earth and solar panels to prevent Beijing from being paired.Cut off the supply that other countries do.

Yellen arrived in Seoul on Monday (July 18). On the way to Seoul, she told Reuters reporters that she was promoting to strengthen trade ties with South Korea and other trusted allies to increase the flexibility of the supply chain andAvoid manipulation by geopolitics.

Yellen said: "Elastic supply chain means diversified sources of supply, and to eliminate the possibility of manipulation and threatening our security as much as possible."

South Korea is the last stop of Yellen's 11 -day visit to the Pacific of India.After she visited the facility of the Korean technology giant LG CORP on the 19th, she would explain her concerns in the policy speech.

According to her speech, Yellen will vigorously advocate "friend support" and make the US supply chain diversified to rely on more reliable trading partners. She said that this move can also deal with inflation and resist China "noFair trade behavior.

She said: "We cannot allow countries like China to use their market position in key raw materials, technology or products to disturb our economy and exercise unnecessary geographical political influence,"

She said that "friend support" can maintain the vitality and productivity growth brought by economic integration, while helping to prevent US -South Korea citizens from avoiding the impact of price increases caused by geopolitical risks.

Yellen said that South Korea "has a huge advantage in resources, technology, and capabilities, and Korean companies such as LG have invested in the United States.She said that, given that the United States has a great dependence on TSMC, South Korea has a large ability to produce advanced semiconductors, which is particularly important.

A senior official of the Ministry of Finance said that because Beijing had cut off the supply of Japan and other countries in the past, and put pressure on Australia and Lithuania in other ways, it is important to reduce the dependence of some Chinese export products in China.

Yellen said: "They use the stress methods to put pressure on some countries they do not agree with their behavior ... This is why we do not want to rely on China."

Although Yellen's words are tough, she also said that the relationship between the United States and China is not "completely negative or upgraded into an extremely hostile state."

She said that China is listening to the concerns of the United States in other fields, and now has taken some constructive measures in the debt of low -income countries.

She emphasized: "We really worry about China, we are putting pressure on them, but I don't want to convey the information that we are purely for the hostile action with China."