Cutting tariffs on Chinese goods could ease U.S. inflationary pressures, says Yellen

Source: Xinhua| 2021-12-04 19:46:53|Editor: huaxia

Price tags of 1 U.S. dollar and 1.25 dollars are seen at a Dollar Tree store in New York, the United States, Nov. 26, 2021. U.S. discount retailer Dollar Tree said on Tuesday that the company would raise prices from 1 U.S. dollar to 1.25 dollars on the majority of its products by the first quarter of 2022 amid broad inflation pressures. (Xinhua/Wang Ying)

WASHINGTON, Dec. 4 (Xinhua) -- Lowering tariffs imposed by the former Trump administration on Chinese goods could help ease some inflationary pressures, U.S. Treasury Secretary Janet Yellen has said.

Yellen made the remarks Thursday at Reuters Next, a virtual global conference held from Wednesday to Friday, during which she said the tariffs of up to 25 percent on hundreds of billions of U.S. dollars worth of annual imports from China "do contribute to the higher prices in the United States."

Some of the tariffs by Washington have "create problems without having any real strategic justification," she added. Enditem

KEY WORDS: US,China,Tariff