Our Founding Fathers Rejected
FREE TRADE And So Should We

Chapter Samples Buy the Book

Yellen Warns China’s Industry Ramp-Up Is Distorting World Economy

Speaking to reporters after the event, Yellen declined to say whether the Biden administration was prepared to threaten Beijing with retaliatory trade actions if China doesn’t reduce its subsidies.

“It’s important for the Chinese to understand why we have a concern,” she said. “But I don’t want to get to retaliation. We want to see what we can do that’s constructive.”

Read the article.