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US working with EU to counter China on its Russia support, overcapacity, say Antony Blinken and Janet Yellen
America’s top diplomat describes Beijing as seeking ‘better relations with Europe’ while fuelling its ‘greatest security threat’ since the Cold War
Meanwhile, US treasury chief says Washington and Brussels ‘need to stay coordinated’ to shield their economies from ‘China’s industrial policy’
Published: 2:08am, 22 May 2024
Holly Chik
https://www.scmp.com/author/holly-chik
Robert Delaney
https://www.scmp.com/author/robert-delaney
Two senior members of US President Joe Biden’s administration discussed on Tuesday cooperation with the European Union on countering Beijing, using additional sanctions to stymie Russia’s war against Ukraine and tariffs to deal with Chinese overcapacity.
US Secretary of State Antony Blinken said the administration would work with the EU to sanction Chinese companies supplying Russia with microelectronics and hi-tech products that support Moscow’s defence industry.
Hours earlier, US Treasury Secretary Janet Yellen said Washington and Brussels “will need to stay coordinated” to shield the two economies from “China’s industrial policy”.