The Treasury secretary will need to defend export controls and tariffs while explaining that the United States does not aim to harm China’s economy.
Tag: Treasury Department
How the G7 Oil Price Cap Has Helped Choke Revenue to Russia
Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.
Yellen Calls for ‘Constructive’ China Relationship
The Treasury secretary laid out a vision in which the United States could continue cooperating economically with China despite what she described as acute security threats.
IMF Lowers Growth Outlook Amid Financial System Tremors
The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
Fight Over Corruption and Congo’s Mining Riches Takes a Turn in Washington
Dan Gertler, an Israeli billionaire, is pressing President Biden to remove sanctions that were imposed on him for bribe-fueled transactions in the impoverished African country.
Rules to Curb Illicit Dollar Flows Create Unintended Hardships for Some Iraqis
The regulations were meant to prevent dollar transfers to corrupt actors. But they have ended up harming ordinary Iraqis who need U.S. currency for legitimate purposes.
War in Ukraine Deepens Divide Among Major Economies at G20 Gathering
Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.
Biden Reaffirms Support for Ukraine Amid Concerns About Russia-Iran Ties
The Biden administration announced new measures targeting Moscow and supporters of President Vladimir V. Putin’s war.
U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
Yellen Confronts Russian Officials at G20 Meeting
In a private session, Treasury Secretary Janet L. Yellen said the Russians were “complicit in Putin’s atrocities,” according to remarks shared by a U.S. official.