Iran Press/America: In a Senate Finance Committee hearing on Tuesday, Yellen was urged to “go big” in exercising the Treasury Department’s power to sanction the US’ foreign adversaries. “The Trump administration failed to be as aggressive on sanctions,” Washington Senator Maria Cantwell (D-WA) claimed, before telling Yellen, “I want to be sure you use that as an economic tool."
The Trump administration extensively sanctioned Russia, Iran, Venezuela, North Korea, Turkey, and a host of other individuals, businesses, and governments it deemed unsavory. Far from being shy to sanction foreigners, the Trump-era Treasury, under Steven Mnuchin, issued so many sanctions that even the hawkish neoconservatives over at Foreign Policy magazine warned of a “growing geopolitical backlash.”
Yellen did, however, say that her department will be aiming at Beijing. Speaking to Senator Ron Wyden (D-OR), Yellen said she was prepared to use a “full array” of tools to combat what she called China’s “illegal, unfair, and abusive” economic policies.
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Biden reportedly keeps using US sanctions weapon
