ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
US-China tensions

Yellen vows 'full array of tools' to curb China's abusive practices

Biden's Treasury pick calls Beijing 'our most important strategic competitor'

Former Federal Reserve chair Janet Yellen, tapped by U.S. President-elect Joe Biden to lead the treasury, echoed the outgoing Trump administration's grievances about China's trade practices at her confirmation hearing Tuesday.

NEW YORK -- The U.S. is prepared to "use the full array of tools" against "abusive" Chinese practices, Treasury secretary nominee Janet Yellen said Tuesday, projecting a tough stance on the bilateral trade row ahead of President-elect Joe Biden's inauguration.

"We need to take on China's abusive, unfair and illegal practices," Yellen told the Senate Finance Committee in her confirmation hearing, soon after calling the Asian country "our most important strategic competitor."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more