President Joe Biden on Monday said that he did not believe China was making immediate plans to invade Taiwan and that Washington and Beijing need not enter a cold war.
Speaking in Bali, Indonesia, following his meeting with Chinese President Xi Jinping, Biden said he and Xi were clear with each other, with Biden emphasizing that the U.S. objects to Beijing’s aggressive actions toward Taiwan.
Even so, Biden said in response to a question from a reporter that he does not believe there will be an “imminent attempt” to invade Taiwan.
Xi told Biden, meanwhile, that the “Taiwan question” is the “first red line that must not be crossed” in U.S.-China relations, according to the Associated Press.
Biden also raised concerns about China’s “non-market economic practices,” the White House said. Last week, the U.S. Treasury reiterated a call for increased transparency from China about its currency practices and kept Beijing on a list of major U.S. trading partners whose currency
practices and economic policies warrant “close attention.”
opened lower Monday following the Biden-Xi meeting and as the results of the U.S. midterm elections were still not fully known. Democrats will retain control of the Senate, but vote counting continues for races for the House of Representatives.