Yellen favors carbon tax; Sullivan says domestic policy is best China tool

President-elect Joe Biden’s reported pick to lead the Treasury Department, Janet Yellen, has advocated for a World Trade Organization-compliant carbon tax, while his choice for national security adviser, Jake Sullivan, says the Biden administration’s approach to China will begin with domestic policy and building international alliances. Biden on Monday announced Sullivan would be his national security adviser. He served in a similar role for Biden when he was vice president and was a foreign policy adviser for Biden’s campaign. After...