US Treasury: Biden is prepared to harm the US economy in order to confront China.

Janet Yellen has declared that protecting national security from China may come at an economic cost, even if it means damaging the US economy. She accused China of "unfair" economic practices and of "taking a more confrontational posture" towards the US and its allies. Washington has a "broad set of tools" to deal with security threats from China, such as export controls and sanctions against entities that provide support to the People's Liberation Army (PLA). She also scolded China for alleged human rights abuses and alleged "no limits" support for Russia.