Will Trump's Controversial Trade-Off Lead to No More Income Tax?Janet Yellen, the U.S. Secretary of the Treasury, criticized former President Donald Trump’s proposal to abolish income tax and replace it with tariffs on imported goods, stating it would significantly exacerbate the hardship of Americans. In an interview with ABC, Yellen discussed Trump’s tax cut idea, stating, “A tariff well over 100% would be necessary,” […]
North Korea's Lucrative Cyber TheftThe U.S. government revealed that North Korea has amassed approximately $850 million through the theft of virtual assets. According to the 2024 Non-Fungible Token (NFT) Illicit Financial Risk Assessment Report released by the U.S. Department of Treasury on the 29th, North Korea garnered over $720 million in profit in 2022 by theft targeting virtual asset […]
U.S. Treasury: We Must Collaborate to Fight Against China's Low Cost OffensiveU.S. Treasury Secretary Janet Yellen has stated that the U.S. and Europe must collaborate to prevent China’s low-cost offensive. She revealed that this issue will be significantly discussed at the upcoming meeting of finance ministers from the Group of Seven (G7) countries next month. According to the New York Times (NYT), on the 21st (local […]
Yellen's Battle Cry: US New Industries Won't Fall Like SteelDuring her visit to China, U.S. Treasury Secretary Janet Yellen emphasized that new American industries will not follow the same path to decline as the steel industry due to Chinese subsidies. According to foreign media outlets such as Reuters and The Washington Post on the 8th (local time), Secretary Yellen, who wrapped up a series […]
Yellen's Mission in China: Containing Industrial OverproductionAs global concerns over China’s oversupply of low-cost products intensify, the U.S. and China have agreed to hold official talks to discuss this issue. This agreement reflects the strong will of the U.S., while China expressed serious concerns about U.S. export control policies. Janet Yellen, the U.S. Treasury Secretary visiting China, emphasized the need to […]
Yellen’s Slap at China Could Widen Economic Front: 'China Distorts EV and Solar Markets' Photo: Newsis, March 22, 2024. Janet Yellen, U.S. Secretary of the Treasury, strongly criticized China for distorting the global market with its overproduction in the electric car and solar industries before she visited China next month. This raises concerns that the economic front between the U.S. and China, limited to semiconductors, could expand to the […]
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Will Trump's Controversial Trade-Off Lead to No More Income Tax? Janet Yellen, the U.S. Secretary of the Treasury, criticized former President Donald Trump’s proposal to abolish income tax and replace it with tariffs on imported goods, stating it would significantly exacerbate the hardship of Americans. In an interview with ABC, Yellen discussed Trump’s tax cut idea, stating, “A tariff well over 100% would be necessary,” […]
North Korea's Lucrative Cyber Theft The U.S. government revealed that North Korea has amassed approximately $850 million through the theft of virtual assets. According to the 2024 Non-Fungible Token (NFT) Illicit Financial Risk Assessment Report released by the U.S. Department of Treasury on the 29th, North Korea garnered over $720 million in profit in 2022 by theft targeting virtual asset […]
U.S. Treasury: We Must Collaborate to Fight Against China's Low Cost Offensive U.S. Treasury Secretary Janet Yellen has stated that the U.S. and Europe must collaborate to prevent China’s low-cost offensive. She revealed that this issue will be significantly discussed at the upcoming meeting of finance ministers from the Group of Seven (G7) countries next month. According to the New York Times (NYT), on the 21st (local […]
Yellen's Battle Cry: US New Industries Won't Fall Like Steel During her visit to China, U.S. Treasury Secretary Janet Yellen emphasized that new American industries will not follow the same path to decline as the steel industry due to Chinese subsidies. According to foreign media outlets such as Reuters and The Washington Post on the 8th (local time), Secretary Yellen, who wrapped up a series […]
Yellen's Mission in China: Containing Industrial Overproduction As global concerns over China’s oversupply of low-cost products intensify, the U.S. and China have agreed to hold official talks to discuss this issue. This agreement reflects the strong will of the U.S., while China expressed serious concerns about U.S. export control policies. Janet Yellen, the U.S. Treasury Secretary visiting China, emphasized the need to […]
Yellen’s Slap at China Could Widen Economic Front: 'China Distorts EV and Solar Markets' Photo: Newsis, March 22, 2024. Janet Yellen, U.S. Secretary of the Treasury, strongly criticized China for distorting the global market with its overproduction in the electric car and solar industries before she visited China next month. This raises concerns that the economic front between the U.S. and China, limited to semiconductors, could expand to the […]
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