Yellen Pitches ‘Friendshoring’ to Protect Supply Chains From ‘Risky’ Countries Like China

[Epoch-Times-Bot]

Yellen Pitches 'Friendshoring' to Protect Supply Chains From 'Risky' Countries Like China

Janet Yellen, secretary of the U.S. Treasury, was in India to promote “friendshoring” to protect supply chains from unreliable countries like China and Russia.
The pandemic, supply chain problems, and rapidly changing geopolitical allegiances over the past two years have accelerated a redrawing of trade and economic relations around the world.
She promoted her vision of a new form of globalized trade relations and investment that aligns with potential allies like India, at the Microsoft facility in New Delhi on Nov. 11.
Yellen delivered her comments before her meeting with India’s Finance Minister Nirmala Sitharaman, to discuss furthering economic and financial relations between Washington and New Delhi....

Source: Yellen Pitches 'Friendshoring' to Protect Supply Chains From 'Risky' Countries Like China

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