Treasury Secretary Janet Yellen: Not trying to stifle trade and investment in China

CNBC's Sara Eisen joins 'Squawk Box' to discuss her sit-down interview with Treasury Secretary Janet Yellen, Secretary Yellen's thoughts on Russian sanctions, China-Russia relations, doing business in China, state of U.S.-China relations, and more.

[@RolandLau4x]

US printing dollars causing inflation is good and China producing cheap goods is bad?

[@matt3935]

Thats what I can't wrap my head around. I truly believe America is done as the world power. They have problem within their own country but feel the need to blame and lecture everyone else.

[@reno0405g]

​@@matt3935as Chinese spokesperson said, the US is sick and forcing others to take meds.

[@eddychan2112]

She went to China to fight for big American businesses, not for average American citizen. Keeping everything high price and more profit for big American businesses.

[@aslampervez2294]

​@@matt3935usa is backing genoside in Gaza as well while lecturing other

[@chiakeesame972]

Exactly👍👍👍

[@Joseph-fy9rb]

Us helping Ukraine and you telling China can't help Russia, BS.

[@qake2021]

👍👍👍😃😃😃👏👏👏

[@robertfoo5946]

🫡💪

[@user-li6vb6my6q]

Of course they can help russia, but then they will be recognized as supporters of terrorism, as russia is terrorist state.

[@Paulusmus]

Wow thats a very simple way to look at it....imgaine if you said that about supporting Hitler in WW2 🤣

[@westwoodly]

China should tell Yellen to go home. She had her holiday touristing China. She flew all the way to China to pay homage to President Xi - like many leaders did to past Chinese Emperors - and wanted to save face by "warning" China about this and that. China's leaders just nod their head. Western diplomats simply lack that "finesse in diplomacy".

[@michaeljiang960]

Americans think they can come to china and tell china what to do.

[@qake2021]

👏👏👏😃😃😃👍👍👍

[@user-yb7vl9it5w]

Of course, since Chinese are so soft, why not to dictate the stupid Chinese to do according to Americans' will?

[@habibcisse9809]

@@cr77702she went to see our boss (China) who own our debt.

[@dachochiyo3992]

America should check herself position

[@daivietnguyen7289]

Those times are over because China is the biggest economy in the world with or without US sanctions !!!

[@ideally6849]

If you don’t make anything, tariff doesn’t help you. It is a tax on your own people.

[@SuperJay12jay]

USA govenment wants your money putting on tariffs on us!!!!

[@franciswon]

It is a political slogan!

[@watchman835]

Spot on!

[@jetli740]

US fuel war in israel and Ukraine.... is OK ....Hypocrisy

[@jetli740]

@@cr77702 yes all ukraine agreed to stay neutral. US and nato is the fuel of the fire but fool like you dont look at what cause the war

[@Paulusmus]

Well there is also the option to critize both US support for Israel and Russias agression towards Ukraine. Strange logic in supporting a war criminal like Putin because some other country that you dont like is acting morally wrong, dont you think? Like saying that boy over there hit that other kid so why cant I?

[@westwoodly]

One set of rules for America and another set of rule for the rest of the world. This is called the rule of law.

[@parkchunjae8471]

@@cr77702well well well, now we should talk about why Russia invaded Ukraine

[@felipe-vibor]

​@@cr77702probably we should take a look at the reasons. Even with that USA is still complicit both in reasons for war and escalation of the war itself.

[@WeiPan88]

The Chinese said she came univited, without agenda and wasted everyone's time.

[@aslampervez2294]

Yellen threatened China to permanently stay in China 😂😂😂😂

[@condorX2]

[@watchman835]

She served as a laughing stock around China with her “overcapacity” narrative.

[@jerrygereden]

How dare China let ordinary people afford cheap EVs, solar panels. We need to keep the price high!!! Even tho we also subsidize these industries, but we still need to keep the inflation going!

[@westwoodly]

Tell that to Apple Inc. They used China's cheap labour to make and sell expensive Apple phones to China. Now they are using cheap labour from India and Vietnam to make Apple phones to sell to the rest of the world - and China as well.

[@katong1953]

Why should Yellen worry about whether the world can absorb China's "overcapacity"? Let China and economic forces take care of that. Isn't capitalism about letting the unseen hand do the work?

[@Ra-mx4bo]

How dare China give people around the world affordable & quality EVs to combat global warming and reduce card emission? We in the US, still love our fossil fuel US made SUV monsters.

[@pamdemic7848]

On what planet is she a good representative?

[@worldwideweb9431]

I wonder what american politicians thinks of themselves when they talked like this.......are they not aware the rest of the worlds is there.....

[@icf6830]

Like the American Cowboy gunslinger, this is a stupid and dangerous move, a pre-text to pull the trigger. Let’s see what China would do.

[@icf6830]

Maybe just a ploy to win votes

[@pumalee1997]

Except for the United States, other countries can enjoy cheap and high-quality Chinese products.😭😭😭

[@angec.4757]

I believe this arrogant Imperialist demanded that China do NOT flood the WORLD with affordable green energy goods.

[@westwoodly]

As the renowned Prof Kishore Mahbubani said, the 88% of the world's population does not agree with the 12% in USA and Europe.

[@holycow343]

they only see her as an adorable granny and nothing else. Chinese respect their elders no matter how wrong they are.

[@nicholaslwl88]

How come no cheap EV flooded to me

[@jerrygereden]

Cuz America banned them. They are everywhere in Europe, South America, SE Asia, Middle East and Australia

[@habibcisse9809]

We can’t compete

[@yingxiong7526]

Security concerns, I guess.

[@ray911abc]

national security

[@kangkim150]

@@jerrygereden Volkswagen has been the #1 car company until recently in the biggest car market China. Why can't Chinese company be the biggest in Europe?

[@franciswon]

What are you talking about? You sanctioned other and stop supplying products to others, and then they produced the products efficently and then you said it is not a fair playing field?

[@CobraPR893]

Yelled has brought much laughter to China. China really needs economists to tell them how to run there economy😂😂😂😂

[@kenyup7936]

actually our country is trying to transform from a manufacture hub to something else since everyone try to exit our country

[@angec.4757]

Her demand is as ludicrous as Loyd Austin proclaiming there is no evidence of genocide in Gaza.

[@2catsonboat]

Learn to speak Chinese - one way or the other its going to be useful

[@Herodotus__]

She basically saying China can put the US out of business. Since when America sanctions are a law for the world?

[@westwoodly]

Basically begging China to stop what they are producing so that US can catch up with green technology. To save face and look good, she comes up with some hollow "warning" to China.

[@Coldpack13]

Should have brought little Petey and Rachel to make it a complete clown show.

[@joshuakramer5661]

WE SENT THIS LADY AS MUSCLE?!!! Are you F*cking kidding me!

[@djego4687]

She took 3 business to speak

[@kenh4681]

She was sent as chopsticks to pick up authentic Chinese cuisine. What’s wrong with that?

[@xwwe9880]

in fact she's a real authority in economics, that did make her respectful in China. believe it or not this old lady is much more like america's 'muscle' to Beijing than some random 'tough senators who earned their position by politic talk show or bloodlines.

[@westwoodly]

Janet Yellen is Jewish. The Jews are mighty now in Palestine - hopefully shows her muscle to China as well.

[@user-xy3qi7ux8n]

Then the person who has been sent must be a TONGUE MUSCLE🤣

[@matt3935]

America has an inflation problem and cant afford to manufacture affordable goods and once again you raise wages making manufactured goods in America even more expensive. China didn't have this Inflation problem in fact they went into deflation and are growing again. This is absurd that America says something like this.

[@kenho-wr5ul2rh7m]

u are printing more and more USD, this is the consequence

[@b.kgurng7679]

She is talking about red line but do American really care about red line in matter of Gaza ...??? And I think US who has nerval Bass in and around the china so who is provoking and who is not everyone has a eyes to see and everyone has ears to hear so don't be smart ...

[@ongheanseong3729]

Can't imagine why a country would reject cheaper products?

[@infoseeker1187]

She's a granny, still living in her years when America was a manufacturing powerhouse exporting all over the world. She thought her grandsons still want to stay in factories making things.. but in fact all of them just want to have fun with crypto and dreaming what's next.. which generate wealth out of thin air without sweat.

[@doit2376]

It's to help the rich and corporations keep their power and money so politicians can keep taking their back door bribe deals. Nobody in America can challenge the rich except the Chinese. Normal Americans have been buying quality products made in China forever that's greatly improve their quality of life. To be fair AI will replace American jobs and do more damage then the Chinese can ever do to us.

[@WalkOverHotCoal]

With the greatest respect for Janet Yellen, she is doing what America is good at doing...double speak. I thought the US told its businesses to divest to India. They complied. Company like Apple now realized that mixing business with geopolitics is counter productive. It is now shifting it focus back to China.

[@angec.4757]

Always follow the money!!

[@tonyberet309]

It sounds like Yellen is discussing the concept of overcapacity in the context of global economics, particularly about the supply and demand theory, innovation, and the production of electric vehicles (EVs) and green energy. Overcapacity can indeed be a complex issue, influenced by various factors including market dynamics, technological advancements, and government policies. In the case of EVs and green energy, overcapacity can be viewed differently depending on the perspective. From the standpoint of Western countries, overcapacity may be seen as a challenge due to the potential for increased competition and the need to adapt to changing market conditions. However, from the perspective of other regions, particularly those looking to adopt EVs and green energy technologies to support climate change efforts, overcapacity may be viewed more positively as it could lead to lower prices and greater accessibility to these technologies.

[@gettinjiggywitit5332]

You can literally hear their desperation every time they speak.Trump 24

[@WillWu-fx8dn]

U can’t product too much，because it’s too cheap😂.

[@William1866]

Her pies and biscuits are the pride of the county.

[@Dragon-Headed-Caterpillar]

We must make serious efforts to learn to be polite and make requests to China with humility , since we rely on them much much more than the reverse. We would get better results, if we stop these "demands" but use instead requests.

[@danaking3108]

How much military equipment was left behind?

[@ngateminasmoredjo8351]

Critize, demand, treath, ... Far from WIN WIN relation. Crazy

[@toddsweasy9529]

She sternly handed them our lunch...

[@user-lx4yl3is2w]

" China, on your knee here ". " Why on my knee madam ? " " Bcos i need to beg you for some urgent issues....and you can not be so productive....blah... "😂😂

[@Abderrahim-bh8ji]

Janet Where is all recommandations and report?

[@user-os2ky4lx9e]

What gives US the right to think they tell another country what they can and can’t do.

[@angec.4757]

US = thick skin arrogant Imperialists = self proclaimed world police

[@hansweissmann_xviii6754]

Why is the treasury Secretary talking about trade? Shouldn’t Raimondo and that trade special envoy women do that job?

[@raymondwu9483]

I guess Huawei is not ready to launch their next model yet.

[@vlhc4642]

Because she's not there to talk about trade, you don't need to personally go somewhere to give media soundbites. She's personally there to talk behind closed doors about China dumping US treasuries, how that's forcing US to run high interest rates, high interest rates that just saw their interest payment grow by more than the entire US military budget in 24 month. IN other words, she's actually there to beg for mercy, and she's talking tough to the media because she knows how bad it looks if Americans knew the real reason.

[@hansweissmann_xviii6754]

@@vlhc4642 Nuance is NOT your cup of tea, is it? No dragon well tea for you.......

[@StudyBitcoinwtfhappenedin1971]

Good morning fiatnam!

[@creativecatalyst777]

Now that's funny😂😂😂

[@QuietJagung]

Global requirement for battery storage is 300,000 GWh for sustainable energy while current production capacity is 300 GWh. It will take 1,000 years to achieve sustainability if Yellen has her way.

[@fexe9017]

Why is she so hyped about the good reception yellen received? When guests are invited, positive lights are shined on them, that’s just chinese culture. We don’t invite people over just to give them a dress down, u know, like the empire does.

[@freebusy3512]

The hostress "do we have subsidiary too?" "yes, we want to keep US companies in the business". Wait, is that socialism? And why China can't if they have the same purpose?

[@billbaker4379]

She's not smart enough to make deals for anything

[@qake2021]

👌👌👌🤣🤣🤣👍👍👍

[@watchman835]

I like to know where the overcapacity is. As I placed down an order for XiaoMi SU7 1 month ago, apparently I have to waited for another 3months before I can get it. There seems to be a shortage of Chinese EVs in supply.

[@amunra5330]

The US has a bipolar relationship with China. Its hard to let go when you can make so much money right? 😆

[@supagirusupagiru9932]

Granny Yellen: It’s unacceptable for US if China support Russia militarily Only US entitled to support Ukraine militarily China: Yea right granny. Are you high on something? Granny Yellen: Also stop being efficient and competitive in manufacturing China: You are high on something are you?

[@Mariobrownio1989]

Chinese over capacity of T-shirts, jeans and Nikes was fine, though 😂

[@hindubiok1959]

well nato supports ukraine, stop that before you want tell others what to do.

[@Anthony-dj4nd]

Does China still need America???

[@Jeeps_guns_bbq]

Lets hope her staff kept her off the shrooms this visit.

[@zrvivi]

I thought that lady is complaining Chinese made socks and shirts are overflowing in the US.

[@urukagina6195]

Why didn't she tell Apple not to produce too many phones or Tesla to stop producing too many EV's?

[@doit2376]

Every time i hear the word sanction, i hear people selling treasuries and dollar but buying gold by the truck load

[@QuietJagung]

Affordable solar, batteries and EVs will accelerate the world to sustainable energy but will replace legacy power plants and ICE cars companies which is the real problem for the politicians. These legacy companies are very powerful lobbyist who shape policies and drive politicians to protect them at the expense of competitive startups. There are very competitive USA companies like Tesla which can compete globally. They only need free and fair competition to thrive globally. Protecting weak legacy companies will weaken competitive startups and ensure the USA declines. As for the workers when these legacy companies go under, they can work for competitive startups.

[@kmich7660]

Aren't sanctions stiffling?

[@QuietJagung]

Global fossil fuels energy installed capacity is about 5,000 GW. Global solar increases about 400 GW in 2023. It will take nearly 30 years to switch fossil fuels to solar assuming energy consumption does not increase or increase in production keeps up with energy consumption increase. In fact solar production is far from overcapacity and needs to be increased so that it can replace fossil fuels in less than 30 years.

[@eddychan2112]

She went all the way to China to look for a fight. She could have done that staying in US.

[@angec.4757]

Yes, via email or SKYPE. Not only was her trip a total waste of US taxpayer's money, the return flight also impacted the environmental negatively for no reason.

[@daramy9507]

The notion that dual use technology trade poses a military threat seems to have a broad policy implication. There is generally confusion about the notion of national security in that it no longer applies to the military sphere but increasingly to economic interests vis-a-vis competition. The problem with sanctions as a penalty is that the other party can retaliate and may do so. China's economic interests in Russia is to a degree existential as it includes vast energy trade that is protected from Maritime risks that China may pushback against the threat of sanctions for these reasons. So sanctions against China may expose the U.S. to counter action risks as China has become more resilient against technology sanctions.

[@brianhong301]

Yellen to CN: As you know we Americans just cannot stand anyone living as well and getting more influential than us. You have to cease doing so well and quit making friends with other countries. BTW can you please lend us, buy our Treasuries at least a hundred billion USD? If you do not do that we will use our stick on you but if you do we will give you a fewer strokes of the stick. CN to Yellen: Have a safe trip home, we hope you have enjoyed your stay with us despite having wasted your taxpayers' funds.

[@Yungking300]

Tariffs on china seems like it would hurt our economy more. But also not a economics major/expert. I need to find someone to ask 💀 lol chatgpt

[@XiaoxiaoYuyu-ug3gy]

No wonder all dollar stores r closing down yellen do not like cheap prices make in China, than yellen make stuff in America and changed it to $10 store

[@kenyup7936]

she's kindly inform us not selling cheap products to their market or we facing much more tariffs on our goods like 60% to 100%, she's kinda friendly remind to us

[@warrenlowe676]

Need Trump in office to handle the big boy business

[@magtube90]

Let the consumers decide who to buy from.

[@QuietJagung]

Decouple: Fail. De-risking: Fail. Discouraging: Fail. Overcapacity: guess?

[@steveg6978]

Yes Maga, 60% tax on the Americas Middle class...the The Great Stable Genius

[@vlhc4642]

Life long addict going cold turkey is usually fatal. China is ok with that.

[@adelmomontero3554]

China don't care what Yellen ask.

[@robertsilva-zf7cm]

YELLEN HAS TO PUT IN HER MIND THAT THERE IS NO CHINA - US RELATION IN ANY WAY, AND AS SOMEONE HAS SAID " SHE MUST BE SMOKING POT ", JUST LOOK AT HER...

[@vlhc4642]

America have an overcapacity in dollars, it's in their economic interest to reduce the amount of dollars they have, starting with reducing the bank balance of all Americans by half. Inflation will sort itself out immediately.

[@chazzw5388]

How are these crooks lying to the world and living the good life???

[@davideickholt8012]

What cha gonna do? Ok just nothing to do right Yellen. Just keep on doing nothing but sword rattling way to go Yellen

[@sydca5365]

So, the logic is, because US and Europe are at odds with Russia, China is not allowed to have a diplomatic and trade relationship with Russia? Why? v.v, if China is at odds with Philippine, would the US not be allowed to have a diplomatic and trade relationship with them?

[@infoseeker1187]

India doing trade with Russia is ok though. Remember this is a rule-based world that US is living in.. so long as US says it, it is a rule, doesn't need to make sense.

[@david50665]

ur being too logical....there is no logic...just need to spin more narratives and stories to brainwash the children

[@user-xt7mx6sz2o]

Anybody wanting to buy non productive and expensive products should choose American products

[@Chup-os2uf]

The Yankees have lost the fair competition game. Now, dogtalkng about threats and consequences!! She is putting up a pretentious , conceited show. In short, one clearly sees the cognitive dissonance or inveterate repellent hypocrisy and dual standard.

[@user-ox8ud9ys9m]

Put Janet on the cover of Sports Illistrated to repel our enemies

[@user-nw3sj9ud2k]

In fact, this is what the United States does!

[@user-sw9ow2fp9e]

Food dumping. Rice, etc.

[@Neosin1]

General Yellen Palpatine 😅

[@seokoking6956]

You actually get lost in trying to figure out what's the purpose of the trip besides have a taste of super Chinese cuisine. That itself says a lot of who she is.

[@ronaldabrams7222]

China $$$$

[@Sbxallday]

She looks older than Biden.

[@anugerahsyafani8476]

😅

[@jon_nomad]

Basically, Yellen is telling China to help the US destroy Russia so that the US can destroy China later.

[@RainLu-oq8es]

US is the funniest and most ridiculous country I've ever seen lol... while US is wasting time and working on those threatenings and warning, we have already moved ahead for streets😅

[@Karim92KGB]

😂😂😂😂 right 😅😅

[@cherubimcherubim9515]

I thought usa is defender of capitalism. Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.

[@gengwanwong8783]

US Mrs Bean 😂😂😂😂😂😂

[@jocko4598]

When Janet's yellin'....you better listen!

[@yaoliang1580]

Janet yellen is practising yelling at China and she yelled and yelled and keep yelling until the last quarter of the hour.

[@Cam12318]

Sara: your Chinese is good

[@davefroman4700]

China understood Wrights Law, the west did not. China knows that with crisis, comes opportunity. China understood that with massive scale, comes lower costs. And while the west slept on the opportunity to become the global leaders in renewable for 20 years? China forged ahead knowing in time they would drive the costs down to a point where new markets would open to them. As it now has across the global south and to some degree already in Europe as well. The US et al is making a grave mistake not accepting China's products and expertise. Its going to set their economies back a decade at least. By 2035 China will be getting the vast majority of its energy for free, and the embedded energy costs in everything that it produces with be a fraction of what they are today. They will also be the leaders in automation of production as well. While the US will be suffering with the rising costs of an oil/gas infrastructure suffering from declining economies of scale. As we now are seeing renewables do to Australia's incumbent fossil fuel infrastructure. China sees the future. And they are rushing forward as fast as they can to get there. While the West is stuck in the past.....

[@ZhenYae]

When the Chinese are at Carbon Zero, as well as some other countries, they will all start to impose environmental standards for everything produced in the USA and EU. What a B. That is what the collective west has been doing to the world; the comeuppance will come.

[@aihong2971]

A declaration of war.

[@Tellmewhynow]

WHAT IS SHE DOING IN CHINA .... could it be election-related?

[@ZhenYae]

Just get the AMERICANS to pay a higher price...for a bigger profit for the Chinese. 😊😊

[@calinsolis2007]

Hyoocrites

[@directxxxx71]

drama country with drama ppl, used to be confident, now panic like clowns😂

[@hoaduong3192]

Go to the bed with grandfather, yellen you must retire

[@jasonbohanon9205]

Not acceptable

[@rickhayes-oh2zm]

the jewish flag

[@nedimramic9001]

🤣🤣🤣 USA under Biden administrators become tragicomic

[@bobbytay167]

If u manage a poor country like a rich country, the country will get poorer while u manage a rich country like a poor country , the country will get richer that simple

[@ZhenYae]

Cultural differences. Then there is one who manages a poor country like a rich country and believes itself to be rich.

[@bobbytay167]

@@ZhenYae believing rich and keep printing money

[@wilmer104]

Señora jhanet es lisito sustraele a personas pobres .el pocó dinero? que obtenia para mi familia .yo confie ,en esta enpresa ,Cripto. Con por ende en el ceo kriss Marszalek y la broquer .Elena .muchos depósitos me pedían pero nunca llego ninguna ganancia. perdone al ser adinerado no me inportaria aver perdido loque era de mis hijos lo poco que tenia, solo pido algo de loque ellos me ofrecieron barias veces.

[@willychua3249]

if yellen do that to china more county will join brik😅

[@crymnd]

maybe you should tell your own people not to buy cheaper goods not the chinese, they only reacting to what people are looking for 😂😂

[@GPDC100]

Nothing US say can be trust...no shame