US Treasury Secretary Janet Yellen said on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some “desirable effects” of lowering tariffs.
Speaking in a CNBC interview earlier in the day, Yellen stated on Friday that the US economy is being very resilient in the face of a set of shocks and noted that inflation may have peaked, but that Russia’s invasion of Ukraine will prolong inflationary pressures.
Yellen also suggested the US is open to scaling back the widespread Trump-era tariffs on merchandise imports to help provide Americans relief from the fastest inflation in four decades.
\u201cWe\u2019re re-examining carefully our trade strategy with respect to China,\u201d Yellen said Friday in an interview on Bloomberg Television\u2019s \u201cBalance of Power\u201d with David Westin, when asked about removing the tariffs. \u201cIt\u2019s worth considering. We certainly want to do what we can to address inflation, and there would be some desirable effects. It\u2019s something we\u2019re looking at.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
US Treasury Secretary Janet Yellen said on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some “desirable effects” of lowering tariffs. Speaking in a CNBC interview earlier in the day, Yellen stated on Friday that the US economy is …<\/p>\n","protected":false},"author":13,"featured_media":32831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,39,36],"tags":[6832,6987,7265,7184],"class_list":["post-64318","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-global-stock-markets","category-market-updates","tag-china","tag-inflation","tag-janet-yellen","tag-tariff"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=64318"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64318\/revisions"}],"predecessor-version":[{"id":64323,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64318\/revisions\/64323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32831"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}