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Yellen speech confirms that the U.S. is back on the world stage

2021-04-06 08:48:17       source:CNBC

April 5, 2021

Following four years of a decidedly protectionist agenda, Treasury Secretary Janet Yellen is here to tell you that things are about to change in a major way.

The Cabinet official most in charge of President Joe Biden’s economic agenda set forth a bold set of principles Monday that differ from the previous administration’s priorities by about as much as one could imagine.

Gone is former President Donald Trump’s saber-rattling against China. In its place is a policy that “will be competitive where it should be, collaborative where it can be” but only “adversarial where it must be.”

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