US Treasury Secretary Janet Yellen has signalled a stronger engagement on issues from climate change to human rights to tax evasion, pledging to restore America’s economic leadership.
“America first must never mean America alone,” she said in her first major speech on its overseas economic policy.
Ms Yellen is also keen for greater global co-operation, rolling back Donald Trump’s protectionist policies.
She also raised the issue of a global corporate tax rate.
“Over the last four years, we have seen first hand what happens when America steps back from the global stage,” Ms Yellen said pointing to a reversal of Mr Trump’s international economic policies.
The US “isolated ourselves and retreated from the international order that we created,” she added.
Marking an American return to the global stage, she said: “For in today’s world, no country alone can suitably provide a strong and sustainable economy for its people.”
As part of the increased global leadership role for the US, Ms Yellen outlined the case for a harmonised corporate tax rate across the world’s major economies.