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What Janet Yellen’s nomination as Treasury secretary means for U.S. policy on China and trade



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Janet Yellen, former chair of the U.S. Federal Reserve.Getty ImagesFormer Federal Reserve Chair Janet Yellen has been nominated by President-elect Joe Biden as his Treasury secretary — a position that would make her, if confirmed by the Senate, a critical figure in U.S. trade negotiations with China.U.S.-China tensions have escalated since President Donald Trump took office in 2017. Actions Trump has taken against China include slapping elevated tariffs on Chinese goods and restricting access to the American market for some Chinese companies. He argued these measures would address what he said were risks to U.S. …

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