Yellen Defends Tariffs, Export Controls in Address to Pro-China Business Group

Treasury Secretary Janet Yellen defended the Biden administration’s China strategy and outlined measures aimed at reducing tensions with Beijing in a speech on Thursday at the U.S.-China Business Council’s 50th anniversary dinner in Washington. National security would remain a top priority for the United States, she told the members of the business group, which promotes trade between the United States and China. While pursuing a healthy economic relationship with China, she said, Washington would continue to use “economic tools” to protect U.S. national security interests and human rights in China. “This is an area where we cannot and will not compromise,” Ms. Yellen said....