US-China relations: ‘reciprocal’ lowering of trade tariffs could ease inflation, Janet Yellen says

//US-China relations: ‘reciprocal’ lowering of trade tariffs could ease inflation, Janet Yellen says

US-China relations: ‘reciprocal’ lowering of trade tariffs could ease inflation, Janet Yellen says

US Treasury Secretary Janet Yellen said the United States expects China to meet its commitments under the phase-one trade deal signed under former President Donald Trump, but could look at eventually lowering some tariffs in a reciprocal way.Yellen told Reuters in an interview that tariffs tend to boost domestic prices and raise costs to consumers and to firms from inputs such as aluminium and steel, which meant lowering tariffs would have a “disinflationary” effect.The Treasury secretary and…

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By | 2021-11-01T05:40:51+00:00 November 1st, 2021|World|Comments Off on US-China relations: ‘reciprocal’ lowering of trade tariffs could ease inflation, Janet Yellen says