Yellen Criticizes China's Trade Policies, Advocates Balanced US Economic Strategy

Treasury Secretary highlights the need for public-private investments and warns against the repercussions of Chinese subsidies.

Yellen argues that a mix of public and private investments is essential for sustainable US growth.
She criticizes China's excessive state subsidies, claiming they distort global markets and threaten US jobs.
Yellen dismisses traditional supply-side economics, advocating for 'modern supply-side economics' that includes public infrastructure and workforce training.
The US has recently imposed tariffs on various Chinese goods to counter perceived unfair trade practices.
Both President Biden and former President Trump emphasize the importance of being tough on China in their economic strategies.