Yellen Touts 'Friend-Shoring' as Global Supply-Chain Fix

In a speech in South Korea, U.S. Treasury Secretary Janet Yellen singled out China that the U.S. and others should be less reliant on.

By Christopher Condon, Heejin Kim & By Sam Kim | July 19, 2022 at 04:42 PM

Photo: U.S. Secretary of the Treasury Janet Yellen.

U.S. Treasury Secretary Janet Yellen called on "trusted" U.S. allies to strengthen trade relationships to shore up global supply chains disrupted by the pandemic, worsened by Russia's war in Ukraine and threatened longer-term by a reliance on China.

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