Yellen: Trump's China policies increased US vulnerability

Treasury Secretary Janet Yellen criticizes former President Donald Trump's China policies, stating that they left the US "more vulnerable and more isolated" in the global economy. Yellen highlights the Trump administration's failure to invest in critical areas like infrastructure and advanced technology, as well as neglecting relationships with partners and allies. She praises the Biden administration's strategy of strengthening relationships with like-minded nations and investing in America. While some major Trump-era policies punishing China remain in place, the Biden administration has taken a tough but constructive approach, prioritizing national security while seeking avenues of cooperation. Trade between the US and China remains significant, but Chinese investment in the US has decreased.