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."