BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen warned on Monday that the United States would not accept new industries being decimated by subsidized Chinese imports in the same way that the U.S. steel sector was crushed a decade ago. After wrapping up four days of talks with Chinese officials, Yellen told a news conference […]
By David Lawder BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen is set to wrap up four days of meetings in China with a visit to the central bank as she presses her case for Chinese leaders to rein in excess industrial capacity and boost domestic demand. Yellen, who is on her second trip to […]
By David Lawder BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday raised her concerns about China’s excess industrial capacity with Chinese Premier Li Qiang, telling him that bilateral relations were now more stable because the two sides can have “tough” discussions. As they began a meeting in Beijing that ran 80 minutes, Li responded […]
BEIJING (AP) — U.S. Treasury Secretary Janet Yellen sent a message of mutual cooperation at a meeting Sunday with Chinese Premier Li Qiang, highlighting the improvement in relations since her visit to China last year while recognizing that major differences remain. After focusing on trade and economic issues for the first two days of her […]
GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage. “I think the Chinese realize how concerned we are about the implications of their industrial strategy […]
(Bloomberg) — Treasury Secretary Janet Yellen chided China’s government for “unfair” treatment of American and other foreign companies, and called on Beijing to return to the pro-market reforms of the past, at the start of her four-day visit to the country. Most Read from Bloomberg China has pursued “unfair economic practices, including imposing barriers to […]
GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen kicked off a trip to China on Friday with a morning meeting to hear the concerns of American, European and Japanese business representatives in the world’s second-largest economy, ahead of what will likely be tough talks on trade and other issues with senior Chinese government officials. […]
By David Lawder GUANGZHOU, China (Reuters) – U.S. Treasury Secretary Janet Yellen arrives in China’s southern factory hub of Guangzhou on Thursday with a tough message to Chinese officials: you’re producing too much of everything, especially clean energy goods, and the world can’t absorb it. China is unleashing a flood of electric vehicles (EVs), batteries, […]
By Andrea Shalal WASHINGTON (Reuters) – A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday. Yellen said the funding would make the United States […]
By David Lawder ELIZABETHTOWN, Kentucky (Reuters) -Treasury Secretary Janet Yellen said on Wednesday clean energy investments in parts of the U.S. historically reliant on fossil fuels have more than doubled to $4.5 billion per month due to Biden administration tax credits targeting such communities. Yellen said in remarks in central Kentucky that Treasury Department research […]
By David Lawder and Susan Heavey WASHINGTON (Reuters) -President Joe Biden’s proposed tax credits for certain home buyers and sellers could help boost the nation’s housing supply and make homes more affordable, U.S. Treasury Secretary Janet Yellen said on Friday, a day after the president unveiled the proposal in his annual State of the Union […]
Treasury Secretary Janet Yellen.Pedro Pardo/AFP/Getty Images Seizing Russian assets won’t make up for the failure to send aid to Ukraine, Janet Yellen warned. “I don’t see a real substitute for Congress providing Ukraine the aid it needs this year,” she said. Republicans have blocked a plan to send aid to Ukraine in a bid to […]