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As Yellen prepares for G7 talks, leaders look for US cooperation

February 11, 2021 12:19 pm
Janet Yellen. [Source: Aljazeera]

The new administration of United States President Joe Biden joins international talks on the global economy this week with other developed nations.

This as they are expecting a decisive break from the “America First” nationalism of former President Donald Trump.

US Treasury Secretary Janet Yellen will join Friday’s online gathering with her Group of Seven peers.

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During the meeting, they are likely to renew promises to pursue huge stimulus programmes to aid the economic recovery from COVID-19.

The meeting, the first G7 encounter since Biden took office, will also seek to breathe new life into long-running efforts to solve the problem of how to tax giant digital firms, many of them based in the US, such as Amazon and Google.

That is seen as a test case of Washington’s renewed engagement after Trump effectively blocked any deal.

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