She said Washington was working to reduce U.S. companies’ “extreme dependence” on semiconductors from Taiwan and other technologies, including solar panels or critical components for electric vehicle batteries made in China and a few other countries.
“Friend-shoring is not meant to be a tiny handful of countries. It’s not meant to be protectionism. It’s something that’s meant to (gain) diversity…but still get the benefits of trade,” Yellen said.
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