June 09, 2022 - 11:35 AM 254 views
On Wednesday, US Treasury Secretary Janet Yellen told lawmakers that President Joe Biden's administration seems to reconfigure the tariffs and taxes imposed on Chinese goods in order to make them more strategic under the previous President Donald Trump.
"This administration inherited the Trump administration's 301 tariffs, which I believe were not designed to promote our strategic interests."
"We're looking at them and trying to find out how to restructure those tariffs in a more strategic approach."
Tariff reductions "may assist to cut down the prices of burdensome items that consumers buy."
"In terms of inflation, I honestly don't believe tariff policy is a cure."
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