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Military WW3: Pelosi arrived in Taiwan today

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Yellen Says U.S. Would Use Sanctions If China Invaded Taiwan

  • Treasury secretary comments during congressional hearing
  • ‘You should not doubt’ U.S. resolve to use its tools
Janet Yellen testifies to the House Financial Services Committee on April 6.

Janet Yellen testifies to the House Financial Services Committee on April 6.

Photographer: Al Drago/Bloomberg

April 6, 2022 at 10:51 AM EDTUpdated onApril 7, 2022 at 4:04 AM EDT
 

Treasury Secretary Janet Yellen said the Biden administration would be prepared to use all its sanctions tools against China if Beijing moved aggressively toward Taiwan.

“I believe we’ve shown we can” impose significant pain on aggressive countries, as evidenced by sanctions against Russia, Yellen told lawmakers Wednesday as she testified before the House Financial Services Committee. “I think you should not doubt our ability and resolve to do the same in other situations.”

Yellen was responding to questions from Republican Representative Patrick McHenry of North Carolina over whether the Treasury would be as willing to use sanctions against China as it has against Russia following Moscow’s invasion of Ukraine.

Read more: Yellen to Warn War Threatens ‘Enormous Economic Repercussions’

 

Russia’s attack on Ukraine has undermined confidence that world powers would be able to prevent a crisis from similarly erupting over Taiwan, a democratically governed island of more than 23 million people and key global source of semiconductors. China has long claimed Taiwan as a renegade province and threatened to invade to prevent its independence.

Last month, China warned the U.S. against trying to build what it called a Pacific version of NATO, while declaring that security disputes over Taiwan and Ukraine were “not comparable at all.”

No country has the right to interfere in Taiwan, Chinese Foreign Ministry spokesman Zhao Lijian said Thursday at regular briefing in Beijing, adding: “The Chinese people’s resolve and will to defend our sovereignty and territorial integrity is unwavering.”

U.S. Would Use Sanctions If China Invaded Taiwan, Says Janet Yellen - Bloomberg

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Nancy Pelosi to meet Taiwan’s president on Wednesday Controversial visit by US House Speaker triggers concern about possible Chinese retaliation China has issued strong warnings to the Biden administration suggesting that it could take military action if Nancy Pelosi goes ahead with her planned visit to Taiwan 

Nancy Pelosi to meet Taiwan’s president on Wednesday | Financial Times (ft.com)

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Breaking News: Nancy Pelosi arrives in Taiwan amid China's warnings | CBS News - YouTube

Pelosi Arrives in Taiwan Despite Chinese Threat of ‘Serious Consequences’

 

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House Speaker Nancy Pelosi arrived in Taiwan on Tuesday despite China warning of “resolute and strong measures” if the Democrat visited the island, according to the Associated Press.

The visit has inflamed tensions with China, which claims Taiwan as part of its territory. China views trips by foreign government officials to Taiwan as an acknowledgment of the island’s sovereignty.

Pelosi’s visit makes her the highest-ranking American official to visit Taiwan in 25 years.

Chinese Foreign Minister Wang Yi said Washington’s betrayal “on the Taiwan issue is bankrupting its national credibility.”

“Some American politicians are playing with fire on the issue of Taiwan,” Wang said in a statement, according to the AP. “This will definitely not have a good outcome … the exposure of America’s bullying face again shows it as the world’s biggest saboteur of peace.”

Pelosi Arrives in Taiwan Despite Chinese Threat of ‘Serious Consequences’ (yahoo.com)

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