The US wants to reduce its dependence on China for key import goods such as rare earth elements or solar cells. US Secretary of the Treasury Janet Yellen said this on Monday during her visit to South Korea. To this end, she will work to strengthen trade ties with South Korea and other trusted allies, Yellen said in Seoul. She said it was important to prevent the People’s Republic from taking advantage of US “over-dependence” for strategic reasons and cutting off supplies, as it has done with other countries. How “geopolitical rivals will be able to manipulate us and threaten our security” must be curtailed, she said. Especially since the prices for rare earths have recently risen rapidly (China.Table reported).
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