Yellen Visit to China BACKFIRES. Exposes US Trade Weakness | Lena Petrova

Originally published on 16 April 2024.

Well, just when you thought the US has already done everything it could to hurt its own standing in world affairs, there comes another trip of another official that has pretty much the opposite effect of what the White House would have wanted it to be.

Janet Yellen's visit to China and her complaints about Chinese "overproduction" expose first and foremost that the tables have turned and it is China holding all the good cards in the great game.

In this discussion, I talk to Lena Petrova, an expert on finance and trade who explains how she interprets this trip of the Treasury Secretary that was anything but a show of force.