Yellen Declares End to Trump’s Global Retreat, Eyes Tax Deal
- Yellen wants minimum corporate tax rate to end race to bottom
- Speech previews Yellen’s plans at IMF, World Bank gathering
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Treasury Secretary Janet Yellen outlined the case for a harmonized corporate tax rate across the world’s major economies, part of an effort to restore global leadership and credibility with U.S. allies following the unilateralist approach of the Trump era.
In her first major speech on international economic policy, Yellen marked an American return to the “global stage.” She singled out China, saying the U.S. needs a “strong presence in global markets” to level the playing field.