U.S. Treasury Secretary Janet Yellen delivered a pointed critique of former President Donald Trump’s China policy during the U.S.-China Business Council’s 50th Anniversary Dinner. In her remarks, Yellen stated that the previous administration’s approach toward China made the United States “more vulnerable and isolated” on the global stage.
Yellen emphasized that the trade policies implemented under Trump not only strained relations with China but also led to significant economic losses for American firms and workers. “By adopting unilateral measures and retreating from international cooperation, we weakened our own position,” she remarked.
The Treasury Secretary highlighted the importance of engaging with China to address shared challenges. “It’s essential for the U.S. to collaborate with partners and allies to promote fair economic practices,” Yellen said. She advocated for a strategic approach that balances competition with cooperation, ensuring that American interests are protected without isolating the nation from global opportunities.
Yellen’s comments come at a critical time for U.S.-China relations, as both nations navigate complex issues ranging from trade and technology to security concerns. Business leaders and policymakers are closely watching for signals on how the current administration plans to manage this pivotal bilateral relationship.
Attendees at the event acknowledged the significance of Yellen’s remarks. Many agreed that a recalibrated approach could open doors for increased economic collaboration and reduce tensions that have impacted global markets.
As the U.S. seeks to redefine its role in the international arena, Yellen’s perspective underscores a shift toward diplomacy and multilateral engagement. “Our strength comes from our alliances and our commitment to a fair global economic system,” she concluded.
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Yellen blasts Trump for making U.S. 'vulnerable and isolated'
cgtn.com
