Washington, July 12: US President Joe Biden on Thursday said China will face consequences for helping Russia in its war against Ukraine and noted that some of the European countries are going to curtail their investment in the east Asian country.
“The issue is that we have to make sure that Xi Jinping understands there’s a price to pay for undercutting both the Pacific Basin as well as Europe and as relates to Russia and dealing with Ukraine,” Biden told reporters.
“So for example, if you want to invest in China, you have to have a 51-per cent Chinese owner. You have to make sure that you do by their rules, and provide all access to all the data and information you have,” he said.
“So they were doing it, but that got curtailed when we started saying we’re going to play by the same rules. For example, the idea that they don’t abide by the international rules related to subsidising products by the government funding. So, they’re not going to be able to export their electric vehicles to the United States without a significant tariff,” Biden said.
‘No good reason to talk
to Putin right now’
Biden has said that he has “no good reason” to talk to Vladimir Putin at the moment unless the Russian leader changes his behaviour. Biden made these remarks at the end of the NATO Summit.
“I have no good reason to talk to Putin right now. There’s not much that he is prepared to do in terms of accommodating any change in his behaviour, but there isn’t any world leader I’m not prepared to deal with,” Biden told reporters. (PTI)
