Speaking at The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System hearing on April 6, U.S. Secretary of the Treasury Janet Yellen said that if China takes aggressive actions against Taiwan, the U.S. will impose sanctions against China.
Answering questions from lawmakers about whether the Treasury would use sanctions against China as what the U.S. has done with Russia’s invasion of Ukraine, Yellen said, “I believe we’ve shown we can,”
She added, “I think you should not doubt our ability and resolve to do the same in other situation.”
As PBS NewsHour reported, during the congressional hearing, Yellen had previously warned a House panel about Russia’s aggression in Eastern Europe, saying that Russia’s actions would lead to “enormous economic repercussions in Ukraine and beyond.”
On April 5, the U.S. Defense Security Cooperation Agency said the State Department had approved the possible sale of technical assistance support of the Patriot Air Defense System and related equipment totaling $95 million to Taiwan.
Accordingly, the proposed sale will continue to modernize Taiwan’s armed forces and maintain a credible defensive capability.
The statement said, “This proposed sale serves U.S. national, economic, and security interests by supporting the recipient’s continuing efforts to modernize its armed forces and to maintain a credible defensive capability..”
It added, “The proposed sale will help to sustain the recipient’s missile density and ensure readiness for air operations. The recipient will use this capability as a deterrent to regional threats and to strengthen homeland defense.”