Yellen says US allies must not allow China to dominate raw materials, technologies, and thwart ‘unfair trade practices’

News Snapshot:

US Treasury Secretary Janet Yellen will call on Tuesday for deeper trade ties among allies to fortify their supply chains, combat inflation and thwart China’s “unfair trade practices” and efforts to dominate key raw materials and technologies markets. Yellen will make the comments in a major policy speech in Seoul after touring the facilities of South Korean tech heavyweight LG Corp during the final leg of her 11-day visit to the Indo-Pacific region. “We cannot allow countries like China to use their market position in key raw materials, technologies or products to disrupt our economy and exercise unwanted geopolitical leverage,”...