Yellen To EU Fin Mins-Decoupling From China Not An Option For US Or EU

(MNI) London-Wires reporting comments from US Treasury Secretary Janet Yellen, who is in Luxembourg for a Eurogroup meeting of eurozone and EU finance ministers. states that "Decoupling from China is not an option for the EU or the US." The US and EU's stances on China are likely to feature prominently in the upcoming US-EU summit taking place on Friday in Washington, D.C. There, President Joe Biden is set to discuss with European Commission President Ursula von der Leyen and Council President Charles Michel the potential for a mirroring of tariffs on Chinese steel and aluminium, while also avoiding the re-imposition of Trump-era tariffs by the US on the same metals.

• Claims that the White House is preparing a supplemental request for Ukraine aid and Israel funds as soon as a 'functioning' House of Representatives is available. Adds that "We see opposition to Ukraine aid in Congress, but absolutely believe we will get this done." Says both the US and EU are "absolutely committed" to continued support for Ukraine.
• Yellen: It is critically important to allow public & business input on multilateral tax treaty...Some matters of importance to US must still be resolved before the treaty can be signed [which] will take [us] into next year.