Yellen Slams Trump’s China Policy as Harming U.S. Global Standing

U.S. Treasury Secretary Janet Yellen fired a sharp critique at former President Donald Trump during the U.S.-China Business Council's 50th Anniversary Dinner, arguing his approach to China left America 'vulnerable and isolated' while costing U.S. workers and businesses economic opportunities.

In her keynote speech, Yellen emphasized that Trump’s trade wars and tariffs weakened international alliances and hindered innovation. 'Global challenges require cooperation, not isolation,' she said, urging a shift toward 'strategic engagement' with the Chinese mainland to stabilize economic ties.

The remarks come as debates over U.S.-China relations heat up ahead of the 2024 elections. Yellen’s comments reflect growing concerns among policymakers about the long-term impact of protectionist strategies.

Analysts note that while Trump-era policies reshaped supply chains, they also spurred China’s self-reliance in tech and manufacturing. 'The world didn’t wait for the U.S. to figure it out,' one expert tweeted. 'Yellen’s right—this isn’t a zero-sum game.'

With U.S. companies like Tesla and Apple doubling down on investments in the Chinese mainland, Yellen’s call for balance could shape Biden’s next moves. Stay tuned for more geopolitical popcorn moments!

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Yellen blasts Trump for making U.S. 'vulnerable and isolated'

cgtn.com