U.S. is pushing China to change a policy threatening American jobs, Treasury Secretary Yellen says
CBSN
The Biden administration is pushing China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after ending four days of talks with Chinese officials.
She also said she and Chinese officials had "difficult conversations" about national security, including American concerns that Chinese companies are supporting Russia in its war in Ukraine.
But the focus of her trip was industrial policy, and what the U.S. and Europe describe as manufacturing overcapacity in China. Wealthy nations fear a wave of low-priced Chinese exports that will overwhelm factories at home, undercutting prices from U.S. manufacturers and risking job losses.
Johannesburg — After investing more than $1 billion in Niger over a decade, the U.S. military has agreed to withdraw its more than 1,000 forces from the West African nation over the next few months. It was not a move the U.S. had hoped to make, and officials tell CBS News it will be a severe blow to U.S. counterterrorism efforts in a region known to represent a number of major and growing threats.
Two Japanese navy helicopters carrying eight crew members crashed in the Pacific Ocean south of Tokyo during a nighttime training flight after possibly colliding with each other, the country's defense minister said Sunday. One crew member who had been recovered from the waters was later pronounced dead, while rescuers searched for seven others who were still missing.
Tokyo — In North Korea, the release of Taylor Swift's new double album was completely eclipsed by the surprise drop of another brand-new song, complete with an elaborately produced music video. There were no tortured poets in sight for the release of "Friendly Father," an energetic pop-style piece of state propaganda praising North Korea's dictatorial leader Kim Jong Un.
Berlin — German authorities say they have arrested two people suspected of spying for Russia. The suspects, identified as German-Russian nationals, are accused of scouting targets for potential attacks, including U.S. military facilities in Germany, the Federal Public Prosecutor General for Karlsruhe said in a statement released Thursday.