President Joe Biden is reviewing Washington’s tariff policy toward China, U.S. Treasury Secretary Janet Yellen said on June 19, possibly signaling the end of some Trump-era tariffs amid record inflation.
“We all recognize that China engages in a range of unfair trade practices that it’s important to address. But the tariffs we inherited, some serve no strategic purpose and raise costs to consumers,” Yellen told ABC News. “And so, reconfiguring some of those tariffs so they make more sense and reduce some unnecessary burdens is something that’s under consideration.”
