U.S. Treasury No. 2 nominee Adeyemo urges get-tough attitude on China

u s treasury no 2 nominee adeyemo urges get tough attitude on china

Article content

WASHINGTON — Wally Adeyemo, President Joe Biden’s nominee for the No. 2 job at the U.S. Treasury, on Tuesday said Washington should work with allies to hold China accountable to international rules to ensure a level playing field for companies in the United States and elsewhere.

“China is our top strategic competitor,” Adeyemo told a confirmation hearing before the Senate Finance Committee.

“Where China is not willing to play on a level playing field, it’s important that we hold them accountable in the international system,” Adeyemo said, adding that taking such action with other countries would better “demonstrate to the Chinese that they’re isolated when they violate the rules.”

Echoing comments from other Biden officials, Adeyemo struck a hardline tone on Beijing, vowing to fight what he called “unfair economic practices” in China and elsewhere, while working to rectify economic inequality at home.

If confirmed as Treasury Secretary Janet Yellen’s deputy, Adeyemo, 39, would play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments.

A former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo would be the first Black deputy secretary of the Treasury…

Want to know more click here go to source.

From -
Close
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close