Latest Janet Yellen News

It's Tax Day. And your refund may be big this year

Apr. 15, 2024 17:38 PM EDT

WASHINGTON (AP) — On this Tax Day, refunds are looking a bit bigger for taxpayers. According to the latest IRS statistics, the average income tax refund so far this season is $3,011, up $123 from last year. Two out of three taxpayers expect to receive a refund. The...

The US and UK restrict the trade of Russian-origin metals

Apr. 12, 2024 18:13 PM EDT

WASHINGTON (AP) — The U.S. and U.K. will begin restricting the trade of new Russian-origin metals — including aluminum, copper and nickel — on global metal exchanges and in derivatives trading. The announcement is meant to follow up on the Group of Seven nations' commitment in...

China's exports tumble 7.5% in March and imports also fall as demand slows

Apr. 12, 2024 07:41 AM EDT

HONG KONG (AP) — China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic. Customs data released Friday show exports declined 7.5% in March from a year earlier, while imports...

From overcapacity to TikTok, the issues covered during Janet Yellen's trip to China

Apr. 08, 2024 23:02 PM EDT

BEIJING (AP) — U.S. Treasury Secretary Janet Yellen and her team are leaving China and returning to Washington after trying to tackle the major questions of the day between the countries. Here's a look at what she tried to accomplish, what was achieved, and where things stand for the world's two...

Culinary diplomacy: The internet is obsessed with what Janet Yellen eats in China

Apr. 08, 2024 21:10 PM EDT

BEIJING (AP) — Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Janet Yellen has united Americans and Chinese in wanting to know what she will eat next. And now that the U.S. Treasury secretary is back in China this week, having stopped in...

Will China flood the globe with EVs, green tech? What's behind latest US-China trade fight

Apr. 08, 2024 07:47 AM EDT

WASHINGTON (AP) — China's burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary...

US will push China to change policy that threatens American jobs, Treasury Secretary Yellen says

Apr. 08, 2024 06:57 AM EDT

BEIJING (AP) — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials. She also said in Beijing they had “difficult...

Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties

Apr. 07, 2024 10:44 AM EDT

BEIJING (AP) — U.S. Treasury Secretary Janet Yellen sent a message of mutual cooperation at a meeting Sunday with Chinese Premier Li Qiang, highlighting the improvement in relations since her visit to China last year while recognizing that major differences remain. After focusing...

New US-China talks will address a top American complaint about Beijing's economic model, Yellen says

Apr. 06, 2024 10:35 AM EDT

GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing's economic model and trade practices put American companies and workers at an unfair competitive disadvantage. ...

US-Chinese military talks resume on safety in the air and at sea after a nearly 2-year break

Apr. 05, 2024 11:21 AM EDT

WASHINGTON (AP) — For the first time in nearly two years, U.S. and Chinese defense officials met this week to discuss unsafe and aggressive ship and aircraft incidents between the two militaries in the Pacific region, restarting a dialogue that Beijing abruptly ended in a dispute involving...