Sherman: Administration working with Congress on economic coercion

The Biden administration and Congress continue to be largely aligned on how to compete with China, including concerns about economic coercion and outbound investment, Deputy Secretary of State Wendy Sherman suggested on Thursday, noting that the administration is working closely with lawmakers on a recently reintroduced bill to develop new tools to combat economic coercion. In a divided Congress, China has remained a uniting issue – both between parties and between the executive and legislative branches. Sherman’s remarks, delivered to...