(Washington Comprehensive) U.S. Treasury Secretary Yellen said that the Bayeng government is studying and modifying the tariffs of former President Trump's tariffs on Chinese goods to make these tariffs more strategic.
Yelun said during the hearing of the US Senate Finance Committee on Wednesday: "The current government has inherited the 301 tariffs levied by the Trump administration. I think this is indeed not aimed at serving the US strategic interests."
Yellen pointed out that although China has unfair trade behaviors and the United States should also take action to protect national security interests, some tariffs have harm the interests of American consumers and enterprises.Fields, such as manufacturing, have been hurt by many companies."We are studying these tariffs and hope to re -confide in tariffs to make them more strategic."
Yellen also acknowledged when answering the question from Mouglo, a member of the Florida Democratic Party, also acknowledged that tariffs have promoted the continued rise in commodity prices.
Yellen said that reducing tariffs may help reduce prices and reduce people's burden, but frankly, "I don't think the tariff policy is the treatment of inflation."Rate, limited effects.She revealed that the adjustment of tariffs will be announced in the next few weeks.
Former US President Trump said in office that in order to deal with China's unfair economic and trade behavior, in terms of Article 301 of the 1974 Trade Law, in 2018 and 2019Yuan) China exported products to the United States have applied as high as 25%of tariffs. These Chinese products include consumer products such as bicycles, Bluetooth equipment to clothing.
Tariffs will expire on July 6, and the Office of the US Trade Representative has begun to revise or cancel the tariffs on China.However, senior officials of the Biden government have different opinions on how to deal with these tariffs.
Yellen hinted in April this year that the United States was willing to cut tariffs to help curb prices to rise.Dai Qi, a US trade representative, emphasized that these tariffs can play a leveraged role in negotiating with China, and believe that tariffs should be regarded as part of the new strategy of the Beijing government to curb non -market trade and economic behavior.Dai Qi said on Monday that curbing inflation is a more complicated problem, and it is not unreasonable to reduce tariffs.
The US Minister of Commerce Raymond Doro has also promoted relaxation tariffs to fight inflation.She said last Sunday that the cancellation of tariffs on some products may be "meaningful", which can inhibit the hottest inflation in the United States in the past 40 years.
