MNI POLITICAL RISK - US Seeks Healthy Competition With China

• Treasury Secretary Janet Yellen told Chinese Premier Liu He today that the US seeks, "healthy economic competition," that, "can benefit both countries over time,” as she continues her four-day trip tasked with reassuring Beijing that national security concerns can be managed without impinging on commercial and financial ties.
• Yellen told US business executives that she would communicate concerns over, "China’s use of non-market tools," and expressed concern over export controls imposed on two critical minerals.
• President Biden gave his first “Bidenomics” speech yesterday, arguing that his economic plan is “working everywhere,” and claiming that high-ticket Democrat legislation will 'de-risk' the economy from China, bring "the full battery supply chain home," and drive a manufacturing boom.
• President Biden will depart this weekend on a three-country European tour which will include the NATO summit in Vilnius where there will be questions on long-term security guarantees NATO will provide to Ukraine and the contents of a new package of security assistance.
• The US is expected to announce the provision of cluster munitions to Ukraine today.
• Poll of the Day: Republicans and Democrats agree that a president should ideally be in their 50s.

Full article: US Daily Brief