VP Vance is speaking and says:

  • Security posture of last 20 years is not adequate for the next 20 years
  • We think Russians are asking for too much
  • Would like Russians and Ukrainians to agree to guidelines for talking to each other.
  • There is a big gulf between where Ukrainians and Russians are.
  • Probably impossible to mediate this without at least some direct negotiation between Russia and Ukraine.
  • No conversation between US and China about a strategic deal of Taiwan.
  • We think China will have to let their population consume more.
  • Open to having conversations with friends and more adversarial national about rebalancing.
  • We think we can do that while preserving dialogue with China.
  • Conversations are ongoing with EU.
  • We want European markets to be open to American goods
Source: Forex Live