Commentary
U.S. Treasury Secretary Yellen’s goal in Beijing is to explain President Joe Biden’s China policy, which has shifted a great deal.
Prior to the beginning of the administration, it was widely believed that Mr. Biden would repeal the Trump-era tariffs and take a softer stance on China. In reality, he appointed a number of people who are no friends of China’s ruling Chinese Communist Party (CCP), such as United States Trade Representative (USTR) Katherine Tai who is of Taiwanese descent.
During the first year of the administration, Mr. Biden kept in place most of former President Donald Trump’s China tariffs, which many attributed to the fact that the Biden White House had not yet issued a solid China policy….