ith the aim of supporting a fair and mutually beneficial global economic system for all people, we will engage with others, especially G20 countries including large economies such as China.
As leaders, we will consult with each other on collective approaches to address non-market oriented policies and practices, and we will cooperate with others to address important global issues that impact all countries.
In his upcoming meeting with world leaders from the G-7, President Joe Biden plans to focus on the global response to the pandemic, according to the White House Press Secretary Jen Psaki on Thursday.
The Trump Administration held a volatile relationship with China, placing tariffs on Chinese goods and blocking supplies to Chinese telecommunications companies; while Biden as repeatedly taken aim at China for its treatment of the minority Uyghur community.
The Treasury said in a statement that Yellen emphasized the need to provide more fiscal support to promote a robust and lasting recovery, telling her G7 counterparts: "the time to go big is now."