Bloomberg Talks
US Treasury Secretary Janet Yellen Talks Tariffs, Russian Sanctions
Dec 11, 2024
Janet Yellen, the US Treasury Secretary with a vast background in economics, discusses vital issues like broad-based tariffs and their potential impact on international trade. She highlights the significance of sanctions on Russia, particularly concerning oil exports and their military powers. Yellen also details the $20 billion aid package for Ukraine, funded by frozen Russian assets. Additionally, she addresses the U.S.-China relationship and the critical role of the U.S. dollar as a global currency, emphasizing strategies for maintaining economic stability.
16:53
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Quick takeaways
- Janet Yellen emphasizes targeted sanctions and innovative financial measures to support Ukraine while limiting Russia's military funding.
- The importance of open communication with China is highlighted to address trade concerns and promote collaboration on global issues.
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