During a visit to Vietnam, the President of the US Treasury expressed the country’s interest in associating with emerging countries in an international context highly conditioned by Russia and China.
USA it wants to include emerging economies, such as Vietnam, in its privileged commercial exchanges. This was reported this Friday by the US Secretary of the Treasury, Janet Yellenvisiting that Southeast Asian country.
Friend-shoring is not reserved for long-standing allies, Yellen declared during a speech in Hanoi, alluding to Washington’s philosophy of prioritizing exchanges between neighboring countries or allies.
This occurs within the framework of a search for partner diversification by the great Western powers to be less dependent on china and russia, considered as potential systemic rivals. And it is that the world economy was shaken in recent years by breaks in the supply chain.
The reasons for the US strategy
“We are undertaking supply chain efforts and let me be very clear: the ‘friend-shoring’ it is not reserved for an exclusive club of countries”, affirmed the North American official. She stressed that this system is “open” and includes advanced economies, emerging markets and developing countries.
In the communist country, Yellen He met with senior political and economic officials in a context in which the United States and Vietnam, where many manufacturing giants have a presence, maintain increasingly close commercial relations and view with suspicion the growing influence of China in the region.
Washington has multiplied its gestures to get closer to Vietnamwhere Vice President Kamala Harris and Secretary of State Antony Blinken have traveled in the last two years.
Source: Ambito
