Yellen calls out China trade practices in South Korea visit

By FATIMA HUSSEIN and HYUNG-JIN KIM
Associated Press

SEOUL, South Korea (AP) — Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage. Yellen was visiting South Korea on her return from a meeting of financial leaders of the Group of 20 major economies in Bali, Indonesia. She also sought support for a plan to seek a price cap on Russian oil and accused Moscow of threatening to cause a global food crisis by blocking ports in Ukraine. President Yoon Suk Yeol’s office said he also called for international cooperation in stabilizing energy prices and easing supply chain disruptions that have contributed to decades-high inflation.