Yellen says US overdependent on China for critical supply chains

News

U.S. Treasury Secretary
Janet Yellen said that the United States has become overly
dependent on China for critical supply chains.

Yellen was speaking at a Fortune CEO event in Washington. Adding:

  • the US does not
    want to decouple economically from China
  • US would face national security concerns without a
    robust semiconductor sector of its own

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