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Added on the 30/11/2020 10:31:23 - Copyright : Wochit
Treasury Secretary Janet Yellen plans to tell Chinese officials Washington wants healthy economic competition but will defend U.S. trade curbs imposed on security grounds and express concern about Beijing's export controls on metals used in semiconductors and solar panels, a senior Treasury official said Thursday. Yellen was due to meet Friday with China's No. 2 leader, Premier Li Qiang, as part of efforts to revive relations that are at their lowest level in decades due to disputes over security, technology and other irritants. Treasury officials have said she wouldn't meet with Chinese leader Xi Jinping. FRANCE 24's Shirli Sitbon explains.
Yellen expressed that this was the first tranche of an additional €10 billion that the United States will send to Kyiv in the coming months.
US Treasury Secretary Janet Yellen meets with Chinese Vice Premier Liu He in Switzerland. Yellen said close communication between the United States and China on economic issues is vital, ahead of the meeting. IMAGES
US Treasury Secretary Janet Yellen is welcomed by Polish Prime Minister Mateusz Morawiecki on a visit to Warsaw. IMAGES
President-elect Joe Biden is planning to nominate Janet Yellen to head the Treasury Department. Business Insider reports if the US Senate confirms Yellen, she will be the first woman to hold the job. Yellen served as Fed Chair during President Barack Obama's second term, from 2014 to 2017. President Donald Trump replaced her with Jerome Powell as head of the Fed. If confirmed, Yellen will face an immense set of challenges, including the pandemic, unemployment, and widespread housing and food insecurity. With both parties fiercely divided on its size and reach for months, Congress still hasn't approved a second coronavirus economic aid package.