Yellen Warns China on Russia Support and Unfair Trade, Hints at More US Tariffs

Yellen said the US wouldn’t rule out additional tariffs on China to address overcapacity and cheap exports flooding US markets.

She raised concerns about Chinese subsidies leading to overproduction in certain sectors.

Yellen warned China against supporting Russia amid the war in Ukraine, saying Chinese banks/firms that violate sanctions would face consequences.

She defended boosting US manufacturing, saying it would only modestly influence inflation.

Yellen accused China's WTO entry of hollowing out some US industries via cheap imports.