Even as Western allies grapple with how to counter Russia's assault on Ukraine, U.S. Treasury Secretary Janet Yellen warned Tuesday that they also must take a wary and united approach to checking China and its business practices.
"These practices range from those affecting trade and investment, to development and climate policies, to approaches to provide debt relief to countries facing unsustainable debt burdens," she added.
She also met Tuesday with EU Commission President Ursula von der Leyen. Yellen said they discussed "critical issues related to energy security, Ukraine's economic needs, and continued coordination to impose sanctions on Russia." "We have a set of common vulnerabilities that we should address," Yellen said to her European audience.
Yellen's visit to Europe -- she spent time in Poland before her stop in Brussels -- is meant to address the effects of the war in Ukraine, an international tax plan she negotiated with more than 130 countries last year and an energy crisis contributing to high inflation worldwide.She said that despite funding efforts from the U.S.
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